Soybeans were weaker through much of Thursday’s session, with futures down 1 to 4¾ cents and the cmdtyView national average cash bean price off 4 cents to $10.97¼. Soymeal was mixed and soy oil reversed from midday gains, indicating softening momentum across the soy complex. The update is modestly bearish for near-term agricultural commodity pricing.
Soybeans were weaker through much of Thursday’s session, with futures down 1 to 4¾ cents and the cmdtyView national average cash bean price off 4 cents to $10.97¼. Soymeal was mixed and soy oil reversed from midday gains, indicating softening momentum across the soy complex. The update is modestly bearish for near-term agricultural commodity pricing.
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mildly negative
Sentiment Score
-0.20
