Soybeans Showing a Modest Bounce to Start Friday

Soybeans are up 2 to 4 cents in the front months, recovering from Thursday’s close that was fractionally to 2.5 cents lower. Open interest increased by just 165 contracts, pointing to a modest rotation of ownership rather than a major directional shift. The report also noted 100 deliveries issued for May beans, a routine futures-market flow detail.

Analysis

Soybeans are up 2 to 4 cents in the front months, recovering from Thursday’s close that was fractionally to 2.5 cents lower. Open interest increased by just 165 contracts, pointing to a modest rotation of ownership rather than a major directional shift. The report also noted 100 deliveries issued for May beans, a routine futures-market flow detail.