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Soybeans Bouncing Off Early Lows for Midday Strength
Source: Nasdaq
Commodities & Raw MaterialsMarket Technicals & Flows
Soybeans are rebounding after early double-digit losses, with the cmdtyView national average Cash Bean price up 2 3/4 cents to $12.32 1/2. Soymeal futures are higher by $1.30 to $1.70 on the day, while soybean oil is also firm (headline cut off). Overall, the move suggests a modest risk-on technical recovery rather than a major fundamental repricing.
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