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Soybeans See First of the Month Strength on Wednesday

Commodities & Raw MaterialsEnergy Markets & PricesMarket Technicals & Flows

Soybeans were broadly higher on the day, up 3 to 9½ cents across most contracts, with gains led by the front months. The cmdtyView national average Cash Bean price rose 15¼ cents to $10.85¼. Soymeal futures were steady to $1.90 higher, while soy oil was mixed.

Analysis

Soybeans were broadly higher on the day, up 3 to 9½ cents across most contracts, with gains led by the front months. The cmdtyView national average Cash Bean price rose 15¼ cents to $10.85¼. Soymeal futures were steady to $1.90 higher, while soy oil was mixed.

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Market Sentiment

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mildly positive

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