Soybeans Futures PricesTue, Sep 27th, 2016
Open Interest is for the previous day's trading session.
Latest Brugler Soybeans Report
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Soybean futures are 4 to 5 cents lower this morning. They ended Turnaround Tuesday with gains of 7 to 8 cents after taking out the triple bottom on the November chart. That surfaced some buyers. The monster-crop mindset has been pressuring the market, but another export sale to China announced under the daily reporting system Tuesday morning brought some support. The average pre-report trade estimate for Sept. 1 soybean stocks in all positions is 200 million bushels(mbu), but there is a 98 mbu difference between the low and high guesses. Some analysts suspect USDA will make a small adjustment to 2015 soybean production. This has happened fairly often in recent years, but there is disagreement as to whether the new number should be larger or smaller than the figure the trade has been using since the January reports.
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