Soybeans recorded Turnaround Tuesday losses of 3 to 6.5 cents after pulling off early lows, with the cash national average down 5 cents to $11.84. Soymeal futures rose $2.80 to $3.00, while soy oil futures fell 45 to 50 points, signaling mixed demand/processing expectations. The mention of upcoming Crop Progress data keeps near-term tone cautious.
Soybeans recorded Turnaround Tuesday losses of 3 to 6.5 cents after pulling off early lows, with the cash national average down 5 cents to $11.84. Soymeal futures rose $2.80 to $3.00, while soy oil futures fell 45 to 50 points, signaling mixed demand/processing expectations. The mention of upcoming Crop Progress data keeps near-term tone cautious.
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mildly negative
Sentiment Score
-0.25
