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Soybeans Extending Rally to Wednesday, Led by the Front Months

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Soybeans edged higher in early Wednesday trade, with nearby contracts up 8–11 cents and November up 3 cents; late-session strength left futures ahead by 2 to 9¾ cents, including July up 14½ cents. Open interest increased by 19,506 contracts on Tuesday, suggesting fresh positioning into the move.

Analysis

Soybeans edged higher in early Wednesday trade, with nearby contracts up 8–11 cents and November up 3 cents; late-session strength left futures ahead by 2 to 9¾ cents, including July up 14½ cents. Open interest increased by 19,506 contracts on Tuesday, suggesting fresh positioning into the move.

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