Soybeans slipped lower into the Tuesday close with contracts down 1 to 2 cents in the front months. The cmdtyView national average Cash Bean price was 3 cents lower at $9.80 3/4. Soymeal futures posted gains of $1.10 to $2.50 on Tuesday, with Soy Oil futures slipping back 25 to 39 points lower.
Commitment of Traders data from this afternoon showed managed money cutting back another 32,560 contracts from their net long position in the week ending on 12/16 to 147,778 contracts.
