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Soybeans Fall on Monday, as USDA Trims Ratings

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Soybeans finished Monday down 10 1/4 to 17 1/2 cents across contracts, with the cmdtyView national average cash bean price falling 16 1/2 cents to $10.63. Soymeal futures lost 40 cents to $2.30, while soybean oil was also weaker. The tone is negative for the oilseed complex, though the report is routine price action ahead of Tuesday's first notice day for July futures.

Analysis

Soybeans finished Monday down 10 1/4 to 17 1/2 cents across contracts, with the cmdtyView national average cash bean price falling 16 1/2 cents to $10.63. Soymeal futures lost 40 cents to $2.30, while soybean oil was also weaker. The tone is negative for the oilseed complex, though the report is routine price action ahead of Tuesday's first notice day for July futures.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

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