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Soybeans Slipping Early on Tuesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & PositioningDerivatives & Volatility

Soybean futures traded down about 4–6 cents on Tuesday after front-month gains of 2.25–7.25 cents on Monday. Open interest fell by 1,630 contracts suggesting very light short covering, while the cmdtyView national average Cash Bean price was up roughly 3.75 cents.

Analysis

Soybean futures traded down about 4–6 cents on Tuesday after front-month gains of 2.25–7.25 cents on Monday. Open interest fell by 1,630 contracts suggesting very light short covering, while the cmdtyView national average Cash Bean price was up roughly 3.75 cents.

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