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Futures favored a firmer tone throughout the day. Old-crop futures trimmed gains late while many new-crop contracts firmed into the close to end 4 1/4 to 6 1/4 cents higher across all contracts. Bull spreading was seen through the morning as importers are still seeking U.S. soybeans to fill needs due to shipping delays at Brazilian ports. But a slight unwinding of bull spreads was seen into the close.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.