Soybeans Revert Higher into the Close, Despite Weaker Crush Data

Soybeans closed higher by 2 1/2 to 5 3/4 cents after recovering from early weakness, while the cmdtyView national average cash bean price rose 6 3/4 cents to $10.66 1/4. Soymeal futures also firmed, up 70 cents to $1 at the close. The report is a modestly supportive price update for grain markets rather than a broad market-moving catalyst.

Analysis

Soybeans closed higher by 2 1/2 to 5 3/4 cents after recovering from early weakness, while the cmdtyView national average cash bean price rose 6 3/4 cents to $10.66 1/4. Soymeal futures also firmed, up 70 cents to $1 at the close. The report is a modestly supportive price update for grain markets rather than a broad market-moving catalyst.