Soybeans Face Thursday Weakness, as USDA Hikes Argentina Production

Soybeans closed Thursday with fractional to 8 cent losses, while the cmdtyView national average Cash Bean price fell 7 3/4 cents to $10.61 1/2. Soymeal futures were mixed, down $1.00 to $1.80 higher, and soy oil futures declined 65 to 88 points. The update reflects a modestly weaker tone across the soybean complex, though the article provides no broader catalyst.

Analysis

Soybeans closed Thursday with fractional to 8 cent losses, while the cmdtyView national average Cash Bean price fell 7 3/4 cents to $10.61 1/2. Soymeal futures were mixed, down $1.00 to $1.80 higher, and soy oil futures declined 65 to 88 points. The update reflects a modestly weaker tone across the soybean complex, though the article provides no broader catalyst.