Soybeans were down 2–3 cents early Thursday after fading from Wednesday’s gains, with fractional declines of up to 5.5 cents by the close. Trading appeared driven by Chinese-rumor buying being unwound (buyers selling the news). Open interest rose by 1,047 contracts, suggesting added positioning despite the softer price action.
Soybeans were down 2–3 cents early Thursday after fading from Wednesday’s gains, with fractional declines of up to 5.5 cents by the close. Trading appeared driven by Chinese-rumor buying being unwound (buyers selling the news). Open interest rose by 1,047 contracts, suggesting added positioning despite the softer price action.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
