Reduced Bullish Bets in Soybean Market

soybeans
soybeans
(Commodity Update)

Large speculators reduced bullish bets in the soybean market in early May to the lowest level since late January. The manage money net long in soybean futures and options fell 20,224 contracts during the week ended May 3 to 153,253 contracts, the lowest since the week ended Jan. 25, according to data from the Commodity Futures Trading Commission.

 

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Today's Market Recap (1.20.23)
Today's Market Recap (1.20.23)

Market recaps for corn, soybeans, wheat, cattle & hogs.

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Improving Argentine Weather Forecasts Weigh on Grain, Soy

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Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.

Morning Calls & Comments (1.13.23)
Morning Calls & Comments (1.13.23)

Soybeans faced light profit-taking pressure at the end of the overnight session, which is likely to spill over into the start of daytime trade.