Soybeans are down 2 to 5 1/2 cents Thursday morning after Wednesday’s 10 to 16 3/4 cent decline. Open interest fell 8,142 contracts on Wednesday, with nearby contracts driving most of the reduction and November up 4,479 contracts. The tone is bearish to cautious, reflecting weaker futures and shifting positioning rather than a fundamental shock.
Soybeans are down 2 to 5 1/2 cents Thursday morning after Wednesday’s 10 to 16 3/4 cent decline. Open interest fell 8,142 contracts on Wednesday, with nearby contracts driving most of the reduction and November up 4,479 contracts. The tone is bearish to cautious, reflecting weaker futures and shifting positioning rather than a fundamental shock.
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mildly negative
Sentiment Score
-0.25
