Soybeans Pushed Higher by Bean Oil to Begin July
Soybeans are posting higher trade at Monday’s midday, with gains of 2 to 10 cents. New crop s still weaker. Preliminary open interest rose 21,689 contracts, with traders eager to play…
Soybeans Mixed on Monday Morning
Soybeans are posting mixed trade on Monday morning, with old crop higher and new crop lower. They initially got a bounce out of the USDA reports, but closed mixed, with nearbys…
Soybeans Fall Back to Close Mixed
Soybeans initially got a bounce out of the USDA reports, but failed to hold, as contracts closed mixed, with nearbys down ¾ to 3 cents. New crops was leading the way…
Soybeans Held Up by Acreage Cut
Soybeans are holding 7 to 11 cents higher so far on Friday, as USDA data wasn’t as bearish for the bean. New crops is leading the way on a smaller acreage…
Soybeans Stronger on Friday Morning
Soybeans are posting firm to 4 cent higher trade on the last trade day of June. They settled 2 to 10 ½ cents lower on Thursday, with old crop July and…
Soybeans Lower on Bear Spreading, Inverse Remains
Soybeans settled 2 to 10 ½ cents lower on Thursday, with old crop July and August seeing the most sell pressure. The market is still inverted or backwardated despite the bear…
Soybeans Revert Lower at Midday
Soybeans are down fractionally to 3 ½ cents across the front months so far on Thursday. Soymeal futures are back up $3.30-3.50/ton at midday, with Soy Oil futures back down 9 to 14 points so…
Soybeans Higher on Thursday Morning
Soybeans are posting 2 to 5 cent higher trade so far on Thursday. They reverted from the higher midday action to close Wednesday with losses of ½ to 4 ½…