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Market Impact: 0.18

Soybeans Rally into the Weekend, Led by Meal

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

Soybeans finished Friday 5 to 10 1/2 cents higher, with meal driving the move, while May soybeans were up 12 1/4 cents on the week and November gained 3 3/4 cents. The cmdtyView national average cash bean price rose 11 cents to $11.08. Soymeal futures also rallied $7.50, supporting a mildly constructive tone across the soy complex.

Analysis

Soybeans finished Friday 5 to 10 1/2 cents higher, with meal driving the move, while May soybeans were up 12 1/4 cents on the week and November gained 3 3/4 cents. The cmdtyView national average cash bean price rose 11 cents to $11.08. Soymeal futures also rallied $7.50, supporting a mildly constructive tone across the soy complex.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25