Soybeans Posting Mixed Trade at Midday

Soybeans are mixed at midday, with front-month contracts down 1 to 3 cents while new-crop contracts are up 1 to 2 cents. The cmdtyView national average cash bean price fell 2.5 cents to $10.685 per bushel. Soymeal is down $1.30, while soybean oil is up 115 to 147 points, indicating a mixed oilseed complex with limited directional conviction.

Analysis

Soybeans are mixed at midday, with front-month contracts down 1 to 3 cents while new-crop contracts are up 1 to 2 cents. The cmdtyView national average cash bean price fell 2.5 cents to $10.685 per bushel. Soymeal is down $1.30, while soybean oil is up 115 to 147 points, indicating a mixed oilseed complex with limited directional conviction.