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Market Impact: 0.22

Soybeans Extending Bounce to Wednesday AM Trade

Source: Nasdaq

Commodity FuturesCommodities & Raw MaterialsMarket Technicals & Flows

Soybean futures gained 7-8 cents early Wednesday ahead of the USDA Grain Stocks report, extending Tuesday's 4.75-9.75 cent rebound. Open interest declined by 2,845 contracts on Tuesday, while the national cash soybean price also increased, indicating firmer near-term market sentiment ahead of the data release.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.28

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