Soybeans Selling the Fact Following RVO Announcement

Soybeans front-month contracts are trading down 9-10 cents, with deferred contracts off 3-5 cents; the cmdtyView national average cash bean price is down 9 cents to $10.91 1/4. Soymeal futures are weaker by about $4-5 at midday and soy oil futures are also lower, indicating broad weakness across soy complex contracts.

Analysis

Soybeans front-month contracts are trading down 9-10 cents, with deferred contracts off 3-5 cents; the cmdtyView national average cash bean price is down 9 cents to $10.91 1/4. Soymeal futures are weaker by about $4-5 at midday and soy oil futures are also lower, indicating broad weakness across soy complex contracts.