Soybean Bulls Bouncing Higher on Monday Morning

Soybean futures were trading higher at the start of the week, gaining 9 to 11 cents across contracts. The rebound followed weakness on Friday, when contracts declined 9 to 17 cents, though November futures managed a 7 cent gain for the week. Open interest fell by 10,591 contracts, primarily in nearby months, indicating some long positions were being liquidated, though buying resumed on Monday.
The cmdtyView national average cash soybean price declined 16 1/4 cents to $12.44 1/4. Soybean meal fu