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Soybeans Fading Lower on Wednesday

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsMarket Technicals & Flows

Soybeans are down 4 to 5 cents at midday, while the cmdtyView national average cash bean price fell 4.5 cents to $10.62½. Soymeal is firmer by $1 to $1.80 in nearby contracts, but soy oil is weaker by 30 to 64 points. The move is modest and appears to reflect routine intraday commodity trading rather than a major fundamental shift.

Analysis

Soybeans are down 4 to 5 cents at midday, while the cmdtyView national average cash bean price fell 4.5 cents to $10.62½. Soymeal is firmer by $1 to $1.80 in nearby contracts, but soy oil is weaker by 30 to 64 points. The move is modest and appears to reflect routine intraday commodity trading rather than a major fundamental shift.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20

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