Soybeans (P) Futures PricesTue, Jul 28th, 2015
Latest Brugler Soybeans (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Soybean futures are trading about 9 cents higher for the front month, but November futures are only up 1 3/4 cents, and the January contract is 1/4 cent into the red. Preliminary open interest dropped -16,347contracts, confirming some short covering. Month end asset allocation adjustments will play more of a role the next couple days, along with FND for August deliveries on Friday. The Argentine Agricultural Ministry reported that a record 18.5 MMT of soybeans was crushed in Argentine plants from January through June. Soy oil production reached 3.6 MT, and meal was 13.9 MT. A private crop consultant left his projected 2015 yield at 43.5 bpa, with the US crop production at 3.58 billion bushels. South Korea tendered for 60 TM of US/S. America soy meal for November delivery.
InsideFutures Grains News