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Soybeans Fading Back on Tuesday AM Trade, as Conditions Recover

Commodities & Raw MaterialsMarket Technicals & FlowsCommodity Futures

Soybean futures are down 5 to 7¼ cents early Tuesday after Monday’s 4 to 5½ cent gains. Open interest rose by 6,710 contracts, suggesting fresh buying, while the cmdtyView national average Cash Bean price is up 5 cents at $11.50 3/4.

Analysis

Soybean futures are down 5 to 7¼ cents early Tuesday after Monday’s 4 to 5½ cent gains. Open interest rose by 6,710 contracts, suggesting fresh buying, while the cmdtyView national average Cash Bean price is up 5 cents at $11.50 3/4.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15