Soybeans Fall to Weakness on Wednesday as Bean Oil Adds Pressure

Soybeans continued to see weakness on Wednesday as contracts posted losses of 4 ½ to 19 ¼ cents. CmdtyView’s national front month Cash Bean price was down 7 1/12 cents at $9.39. Soymeal futures were up 70 cents to $1.30/ton, but Soy Oil futures brought the pressure, down another 95...Tofu and soybeans by Ika Rakhmawati Hilal via iStock