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Market Impact: 0.18

Soybeans Extending Losses on Thursday AM Trade

Commodity FuturesFutures & OptionsMarket Technicals & FlowsCommodities & Raw MaterialsInvestor Sentiment & Positioning

Soybeans are down 5 to 6 cents Thursday morning after Wednesday’s selloff of 8 1/2 to 11 1/4 cents at the close. Open interest fell by 3,408 contracts, signaling some long liquidation or reduced participation. The cmdtyView national average cash bean price also weakened, down 11 1/4 cents.

Analysis

Soybeans are down 5 to 6 cents Thursday morning after Wednesday’s selloff of 8 1/2 to 11 1/4 cents at the close. Open interest fell by 3,408 contracts, signaling some long liquidation or reduced participation. The cmdtyView national average cash bean price also weakened, down 11 1/4 cents.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25