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Market Impact: 0.22

Soybeans Post Late Session Gains on Tuesday

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Soybeans closed with late-session strength, posting 2 to 9 ¾ cent gains; nearby July was up 14 ½ cents and the Cash Bean price rose 10 1/4 cents to $11.46. Soymeal futures were $2.30 to $3.40 higher across most contracts, while Soy Oil futures were up 32 cents (per the partial quote). Overall, the complex is showing broad-based strength into the close.

Analysis

Soybeans closed with late-session strength, posting 2 to 9 ¾ cent gains; nearby July was up 14 ½ cents and the Cash Bean price rose 10 1/4 cents to $11.46. Soymeal futures were $2.30 to $3.40 higher across most contracts, while Soy Oil futures were up 32 cents (per the partial quote). Overall, the complex is showing broad-based strength into the close.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.18

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