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Market Impact: 0.3

Soybeans Extending Rally to Friday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Front-month soybean futures rose about $0.18–$0.20 midday, with the cmdtyView national average cash bean price up 18 3/4¢ to $11.24 1/4. Soymeal futures gained roughly $7.50–$8.50 on the day and soy oil futures were also trading higher intraday, signaling broad strength across soybean complex products.

Analysis

Front-month soybean futures rose about $0.18–$0.20 midday, with the cmdtyView national average cash bean price up 18 3/4¢ to $11.24 1/4. Soymeal futures gained roughly $7.50–$8.50 on the day and soy oil futures were also trading higher intraday, signaling broad strength across soybean complex products.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15