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Soybeans Fades Off Early Session Highs on Wednesday

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & FlowsTrade Policy & Supply Chain

Soybeans closed marginally higher by 2 to 3 1/4 cents across most contracts after fading an earlier USDA export sale-driven rally that had put prices 6 to 8 cents above the lows. The cmdtyView national average cash bean price rose 1 3/4 cents to $10.79. The move was modest and mainly reflects short-term futures trade and export demand flow.

Analysis

Soybeans closed marginally higher by 2 to 3 1/4 cents across most contracts after fading an earlier USDA export sale-driven rally that had put prices 6 to 8 cents above the lows. The cmdtyView national average cash bean price rose 1 3/4 cents to $10.79. The move was modest and mainly reflects short-term futures trade and export demand flow.

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