Soybeans Slip Lower on Tuesday, with Meal Pressure

Soybeans closed fractionally to 4.75 cents lower on Tuesday, while the cmdtyView national average Cash Bean price edged up 0.25 cent to $10.58. Soymeal futures fell $1.60 to $2.70, and soy oil was mixed, ranging from 35 points higher to 34 points lower. The move reflects a modestly weaker tone across the soy complex with no major fundamental catalyst cited.

Analysis

Soybeans closed fractionally to 4.75 cents lower on Tuesday, while the cmdtyView national average Cash Bean price edged up 0.25 cent to $10.58. Soymeal futures fell $1.60 to $2.70, and soy oil was mixed, ranging from 35 points higher to 34 points lower. The move reflects a modestly weaker tone across the soy complex with no major fundamental catalyst cited.