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Market Impact: 0.2
Soybeans Extending Weakness on Friday Morning
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows
Soybean futures began Friday down 6-7 cents after nearby contracts fell 7-9 cents on Thursday, while deferred contracts declined 1.75-6.5 cents. Futures rebounded from intraday lows, but the continued weakness and higher open interest point to ownership rotation amid a bearish near-term trading backdrop.
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mildly negative
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