Soybeans Slipping Back as Planting Rolls Along

Soybeans are down 4 to 5 cents in Tuesday morning trade after Monday's strong session, when futures gained 9 1/4 to 19 3/4 cents. Open interest rose by 36,208 contracts on Monday, led by the July contract with 16,739, and there were 110 delivery contracts overnight. The move reflects active futures positioning rather than a major fundamental shift.

Analysis

Soybeans are down 4 to 5 cents in Tuesday morning trade after Monday's strong session, when futures gained 9 1/4 to 19 3/4 cents. Open interest rose by 36,208 contracts on Monday, led by the July contract with 16,739, and there were 110 delivery contracts overnight. The move reflects active futures positioning rather than a major fundamental shift.