Soybean futures were weaker on Thursday, down roughly 6 to 7.25 cents, with Friday seeing only 2 to 3 cents of movement so far. Preliminary open interest rose by 14,419 contracts, while the cmdtyView national average cash bean price slipped to $11.55 (down $0.01). Overall, momentum looks slightly negative with modest positioning build.
Soybean futures were weaker on Thursday, down roughly 6 to 7.25 cents, with Friday seeing only 2 to 3 cents of movement so far. Preliminary open interest rose by 14,419 contracts, while the cmdtyView national average cash bean price slipped to $11.55 (down $0.01). Overall, momentum looks slightly negative with modest positioning build.
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mildly negative
Sentiment Score
-0.20
