Soybeans Falling on Thursday, with Products Adding Some Weight

Soybeans are down 29 to 31 cents on Thursday, with the national cash bean average off 30 1/4 cents to $10.64 1/4. Soymeal futures are lower by $8.50 to $9.00, while soy oil is down 220 to 250 points, pointing to broad weakness across the soybean complex. The note also references morning Export Sales data, suggesting traders are reacting to fresh demand information.

Analysis

Soybeans are down 29 to 31 cents on Thursday, with the national cash bean average off 30 1/4 cents to $10.64 1/4. Soymeal futures are lower by $8.50 to $9.00, while soy oil is down 220 to 250 points, pointing to broad weakness across the soybean complex. The note also references morning Export Sales data, suggesting traders are reacting to fresh demand information.