Soybeans Back to Steady on Friday

Soybeans are nearly unchanged, trading within a penny of flat, while the national average cash bean price rose 1 cent to $10.99. Soymeal futures are up $1.50 to $1.70, but soy oil futures are down 120 to 130 points as weakness in crude oil weighs on the complex. The update is a routine commodity price move with limited broader market impact.

Analysis

Soybeans are nearly unchanged, trading within a penny of flat, while the national average cash bean price rose 1 cent to $10.99. Soymeal futures are up $1.50 to $1.70, but soy oil futures are down 120 to 130 points as weakness in crude oil weighs on the complex. The update is a routine commodity price move with limited broader market impact.