Soybeans Falling Back on Monday Morning Trade with Weather and Outside Pressures
Soybean futures markets experienced significant pressure during Monday morning trading, with losses ranging from 32 to 35 cents across contracts. This decline followed a stronger Friday session in which futures closed steady to 10½ cents higher, with August contracts gaining 43½ cents for the week and November contracts advancing 50½ cents. The national average cash bean price had risen 9¾ cents to $12.14¾ on Friday.
Weather conditions emerged as a primary hea