Soybeans Fade Lower into Friday’s Close

Soybean futures fell 5 to 11.25¢ on Friday, with the May contract down 64¢ for the week; the national average cash bean price declined $0.07 to $10.875. Pressure was driven by soymeal futures, which slid $2.80–$4.50, contributing to the downward move in beans and weighing on near-term agricultural commodity sentiment.

Analysis

Soybean futures fell 5 to 11.25¢ on Friday, with the May contract down 64¢ for the week; the national average cash bean price declined $0.07 to $10.875. Pressure was driven by soymeal futures, which slid $2.80–$4.50, contributing to the downward move in beans and weighing on near-term agricultural commodity sentiment.