Soybeans (P) Futures PricesFri, Sep 19th, 2014
Latest Brugler Soybeans (P) Report
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Soybean futures closed mostly 14 cents lower on the day, and Nov futures lost 28 cents on the week, or 2.87% on the week. Soybean export sales commitments (shipments and contracts) already cover 55% of the USDA forecast for the year. They are well ahead of the 48% average for this date. The US Dollar index was up more than 400 points today and testing some multi-year resistance. USDA announced another 1.236 MMT of export sales to China under the daily reporting system. These are likely part of the 4.8 MMT deal announced earlier in the week. The Friday night CFTC report shows the large spec funds getting less bearish by 6,057 contracts last week.
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