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Market Impact: 0.2

Soybeans Close Wednesday on a Weaker Note

Commodities & Raw MaterialsTrade Policy & Supply Chain

Soybeans faded from early gains, closing down fractionally (about 5.5 cents) after traders sold into Chinese-rumor-driven strength. The cmdtyView national average Cash Bean price fell 0.75 cent to $11.45 1/4, while soymeal futures were $3.90 to $6.30 lower.

Analysis

Soybeans faded from early gains, closing down fractionally (about 5.5 cents) after traders sold into Chinese-rumor-driven strength. The cmdtyView national average Cash Bean price fell 0.75 cent to $11.45 1/4, while soymeal futures were $3.90 to $6.30 lower.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20