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“Prices turned lower across the complex with beans down 6-8 cents, meal was down less than $1 while oil was 45-50 lower. Spreads were mixed as nearby meal spreads traded to new lows,” Soderberg said. “May ’25 beans held above Tuesday’s low and another test of its 50-day MA support. May ’25 meal was back consolidating just above $300 ton. May ’25 oil plunged to a new low for the month before recovering.”
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"Prices across the complex were mixed with beans down $.03-$.04, meal ranges from steady to up $3 while oil was 50-60 points higher. Bean spre…
The Hightower Report said, “The bean market bounced back from post report weakness Friday late in the session but was unable to follow through…
ADM Investor Services said, “Nov-26 beans are steady at $12.61 in 2-sided trade while holding within Friday’s range. Longer term support is at…
“Crop ratings slipped 1% to 57% G/E. Composite ratings fell to a new seasonal low while still just above the historical average. Ratings fell …
“Spreads weakened across the complex. Nov-26 beans fell to a two-month low while closing lower for a seventh consecutive session. Longer term …
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