Soybeans Futures PricesFri, Aug 29th, 2014
Latest Brugler Soybeans Report
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Soybean futures are currently about 11 cents higher in the September contract, and up 1 to 2 cents in the rest. Trade estimates for weekly export sales were from 700,000 MT to 1.1 MMT range. New crop bookings came in above expectations at 1,290,800 MT. A total of more than 8.5 MMT of new crop bookings have been reported sold in the past 6 weeks (312 million bushels). Old crop export commitments are 103% of the full year USDA forecast, a little behind the usual 105% heading into the last week of the marketing year. There is also some business which cannot be shipped and is rolled over to the following year.
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