Soybeans rallied Tuesday, with bean oil helping lift the market and soybean futures up 6 3/4 to 9 1/4 cents. The cmdtyView national average cash bean price rose 9 1/4 cents to $11.11 3/4, while soymeal was mixed, down $2.10 to 20 cents higher. The move points to supportive oil-led flow in the soybean complex rather than a broad fundamental shock.
Soybeans rallied Tuesday, with bean oil helping lift the market and soybean futures up 6 3/4 to 9 1/4 cents. The cmdtyView national average cash bean price rose 9 1/4 cents to $11.11 3/4, while soymeal was mixed, down $2.10 to 20 cents higher. The move points to supportive oil-led flow in the soybean complex rather than a broad fundamental shock.
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mildly positive
Sentiment Score
0.35
