Soybeans Futures PricesFri, Feb 5th, 2016
Open Interest is for the previous day's trading session.
Latest Brugler Soybeans Report
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Soybean futures are currently trading mostly 3 to 4 cents lower after closing 6 to 7 cents lower on Friday. The Mar16 contract lost 14 3/4 cents week to week. Nearby meal was down $7.40. The average trade guess for 15/16 ending stocks is 449 mbu (Jan: 440 mbu). The same survey of trade analysts projects (on average) that world ending stocks will be 79.09 MMT (Jan 79.28 MMT). Brazilian bean production is expected to slip by 0.8 MMT from the Jan estimate to 99.2 MMT, while Argentinean bean production is expected to rise to 57.3 MMT, up 0.3 MMT from the January report. The USDA report will be on Tuesday at noon EST. The Commitment of Traders report on Friday afternoon showed that managed money held a net short position of 25,862 contracts as of the close on Tuesday, February 2. This was a reduction of 4,594 contracts to the net short position from the Tuesday before.
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