Soybeans rounded out the week with contracts down 2 to 4 ½ cents at the close, as March was 17 ¾ cents higher this week. The cmdtyView national average Cash Bean price was down 4 1/4 cents at $10.67 1/4. Soymeal futures were 70 cents to $1.30 higher on the day, with March up $5.60 this week. Soy Oil futures 40 to 47 points lower, as March was up 175 points on the week. The markets will be closed on Monday for President’s Day.
CFTC data indicated managed money adding 94,316 contracts to their net long position as of 2/10, taking it to 123,148 contracts.
