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Soybeans Holding onto Gains Early on Thursday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Soybeans are up 1 to 2 cents Thursday morning after fading 6 3/4 to 9 cents lower into Wednesday’s close. Open interest fell 19,147 contracts on Wednesday, including 24,809 contracts exiting July, signaling active rolling and liquidation. The update is primarily a short-term futures and positioning note rather than a fundamental shift.

Analysis

Soybeans are up 1 to 2 cents Thursday morning after fading 6 3/4 to 9 cents lower into Wednesday’s close. Open interest fell 19,147 contracts on Wednesday, including 24,809 contracts exiting July, signaling active rolling and liquidation. The update is primarily a short-term futures and positioning note rather than a fundamental shift.

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