Soybeans Futures PricesFri, Oct 21st, 2016
Latest Brugler Soybeans Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Soybean futures are trading slightly higher this morning after they ended the day with losses of 5 3/4 to 6 cents in most contracts, despite strong export sales data. A higher US Dollar also helped press Dec meal down $1.80, and Dec bean oil lost 35 points. Meal is higher this morning, but oil bean oil is lower. USDA's weekly export sales report showed 2.008 MMT (73.82 mbu) of new sales and shipments were 2.671 MMT. This was the first time this marketing year with weekly soybean sales and shipments both above the 2 MMT level. Shipments were 2.67 MMT, up more than 71% week/week and up 14.6% vs. the same week a year ago. Meal sales also exceeded pre-report trade expectations, totalling 398,000 MT for the week ending October 13. Soy oil bookings were only 300 MT partly because of a 4,100 reduction for Guatemala. Private exporters also reported to the USDA a sale of 192,000 MT of soybeans to unknown destinations.
InsideFutures Grains News