Soybeans Post Gains on Product Strength

Soybeans finished Thursday up 9 1/4 to 15 1/4 cents, with the cmdtyView national average cash bean price rising 9 1/4 cents to $11.34. Soymeal gained $1.10 to $3.80 and soy oil rose 86 to 147 points, indicating firmer soybean complex pricing. The article also notes upcoming export sales data, which could provide the next catalyst.

Analysis

Soybeans finished Thursday up 9 1/4 to 15 1/4 cents, with the cmdtyView national average cash bean price rising 9 1/4 cents to $11.34. Soymeal gained $1.10 to $3.80 and soy oil rose 86 to 147 points, indicating firmer soybean complex pricing. The article also notes upcoming export sales data, which could provide the next catalyst.