Soybeans Extending Weakness to Tuesday AM Trade

Soybean futures extended their downward momentum into Tuesday morning trading, with contracts posting losses ranging from 3 to 7 cents. The prior session saw significant selling pressure originating from bean oil futures, which declined 4 to 15½ cents across most contract months, with nearby contracts experiencing the sharpest declines. Open interest fell by 17,019 contracts, indicating some liquidation of long positions. The national average cash bean price declined 13½ cents to