Soybeans are down 4 to 5 cents in front-month trading, while the national average cash bean price has slipped 4 1/4 cents to $11.06 1/2. Soymeal futures are off $1 to $2 and soy oil is also weaker, indicating broad pressure across the soybean complex. The move appears routine midday weakness rather than a major fundamental shock.
Soybeans are down 4 to 5 cents in front-month trading, while the national average cash bean price has slipped 4 1/4 cents to $11.06 1/2. Soymeal futures are off $1 to $2 and soy oil is also weaker, indicating broad pressure across the soybean complex. The move appears routine midday weakness rather than a major fundamental shock.
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moderately negative
Sentiment Score
-0.20
