Soybean Mar '22 (ZSH22)
Soybean Futures Market News and Commentary
Soybeans are showing 2 to 3 ½ cent losses across most contracts on Monday morning. Futures faced more weakness to close out the week, as contracts were down 2 to 8 cents on Friday. The weekly move for July was down 65 1/4 cents, with November down 52 ½ cents. Open interest on Friday was down 7,442 contracts, mainly as July was down 21,202 contracts. The cmdtyView national average Cash Bean price was down 7 cents at $10.63 1/4. Soymeal futures were down 20 cents to $5.20 in the front months, with July falling $21.30/ton this week. Soy Oil futures were 110 to 217 points lower, with July falling 360 points. Crude oil losses of $2.79 added some modest pressure.
Commitment of Traders data showed spec funds at a net long of 156,050 contracts of soybean futures and options, a 33,502 contract reduction on the week.
Export Sales data from Thursday showed old crop sale commitment at 39.948 MMT, an 18% decline from a year ago. That is 96% of the USDA estimate and lags the 99% avera... Read more
Barchart · Mon Jun 8, 7:36AM CDT
Soybeans are showing 2 to 3 ½ cent losses across most contracts on Monday morning. Futures faced more weakness to close out the week, as contracts were...
Barchart · Mon Jun 8, 7:36AM CDT
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