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Soybeans futures end mixed
Soybean futures ended 5 1/4 to 9 1/2 cents lower through the August contract, September soybeans closed steady and new-crop contracts were 1 1/4 to 6 higher today. For the week, soybean futures posted losses, with old-crop contracts leading the decline amid bull spread unwinding. Price action this week signals a short-term top is in place for old-crop futures and that traders feel the U.S. export season is quickly coming to an end.
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*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.
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