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Soybeans Rally Out of the Holiday, with Chinese Rumors

Commodities & Raw MaterialsMarket Technicals & Flows

Soybeans rose 35 to 50½ cents across the front months, while defereds gained 23 to 32 cents. The cmdtyView national average Cash Bean price increased 47¼ cents to $11.36¾. Soymeal futures were $5.10 to $9.10 higher across most contracts, supporting a broadly firmer complex.

Analysis

Soybeans rose 35 to 50½ cents across the front months, while defereds gained 23 to 32 cents. The cmdtyView national average Cash Bean price increased 47¼ cents to $11.36¾. Soymeal futures were $5.10 to $9.10 higher across most contracts, supporting a broadly firmer complex.

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Market Sentiment

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mildly positive

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0.25

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