Soybeans Futures PricesFri, Aug 28th, 2015
Latest Brugler Soybeans Report
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Soybean futures are 2 to 4 cents higher at midsession, after gains of 9 to 16 cents yesterday. The Chinese Shanghai Composite Index closed 4.8% higher Friday morning, after a 5.3% gain on Thursday. South American soybean weather forecasts are looking for a higher than normal temperatures and a lack of moisture throughout the next five days. Monsoonal rains in India are expected to be extremely spotty in much of the soybean growing areas. With 11 days left to be reported in the marketing year, US accumulated shipments are 11% ahead of last year and have reached 100% of the WASDE full year forecast. Argentine producers are expanding soybean acreage this upcoming crop year.
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