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Market Impact: 0.35

Soybeans Correct Lower on Thursday Ahead of Friday USDA Reports

Commodities & Raw MaterialsCommodity FuturesEnergy Markets & Prices

Soybeans fell 10 to 15¼ cents in the front months, while the cmdtyView national average cash bean price dropped 14½ cents to $11.31. In contrast, soymeal futures rose $3.70 to $5.10 across most contracts, and soy oil futures were about 90 cents higher (given the truncated move). The net signal is mixed: weaker bean prices, but firm crush products.

Analysis

Soybeans fell 10 to 15¼ cents in the front months, while the cmdtyView national average cash bean price dropped 14½ cents to $11.31. In contrast, soymeal futures rose $3.70 to $5.10 across most contracts, and soy oil futures were about 90 cents higher (given the truncated move). The net signal is mixed: weaker bean prices, but firm crush products.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25