Soybeans On the Lower Side to Start Thursday Trade

Soybeans are slightly weaker Thursday morning, down 1 to 2 cents in front-month trading after Wednesday's close slipped 4 to 11 1/4 cents lower. Open interest data suggests some longs were exiting positions, pointing to light bearish positioning pressure rather than a major fundamental shift.

Analysis

Soybeans are slightly weaker Thursday morning, down 1 to 2 cents in front-month trading after Wednesday's close slipped 4 to 11 1/4 cents lower. Open interest data suggests some longs were exiting positions, pointing to light bearish positioning pressure rather than a major fundamental shift.