Soybean futures are up 12 to 15 cents early Wednesday after gaining 4 3/4 to 12 1/2 cents in the prior session. The strength is attributed to “buying the fact” after Tuesday’s move. Open interest rose by 4,137 contracts, concentrated in the new-crop months, suggesting incremental positioning rather than a one-off front-month move.
Soybean futures are up 12 to 15 cents early Wednesday after gaining 4 3/4 to 12 1/2 cents in the prior session. The strength is attributed to “buying the fact” after Tuesday’s move. Open interest rose by 4,137 contracts, concentrated in the new-crop months, suggesting incremental positioning rather than a one-off front-month move.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
