Soybeans Showing Slight Monday Losses

Soybeans are slightly 1 to 3 cents lower across the front months on Monday. Futures fell off the intraday highs by 20+ cents, into the Friday close, with contracts closing 2 to 3 cents higher. March was still 51 cents higher last week. Some spreading took place, with November up just 14 ¼ cents last week. On Friday, open interest rose 9,436 contracts. The cmdtyView national average Cash Bean price was 1 3/4 cents higher at $10.49 3/4. Soymeal futures steady to $1 higher, with March up $10 last week. Soy Oi ...