Soybeans Close Friday with Bears Pushing Lower

Soybeans extended late-week losses, with front-month contracts down 7 to 15 1/12 cents on Friday. July soybeans fell 31 cents on the week, while November lost 18 3/4 cents; the cmdtyView national average cash bean price also declined 19 cents to $11.09 1/4. Soymeal futures were also lower, reinforcing a bearish tone across the soybean complex.

Analysis

Soybeans extended late-week losses, with front-month contracts down 7 to 15 1/12 cents on Friday. July soybeans fell 31 cents on the week, while November lost 18 3/4 cents; the cmdtyView national average cash bean price also declined 19 cents to $11.09 1/4. Soymeal futures were also lower, reinforcing a bearish tone across the soybean complex.