Soybeans Futures PricesMon, Dec 9th, 2013
Latest Brugler Soybeans Report
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Soybeans futures closed steady to a few cents lower on the day. The Dec 13 meal contract managed to finish the day in positive territory at $4.47. Reports of ideal weather in areas of major production in South America helped to limit upside gains the past 5 days. The latest Commitment of Traders data for the reporting period between Nov 26 – Dec 3 showed managed money spec funds increased their net long position in soybeans by 4,910 contracts, bringing their total net long position to 151,078 contracts. Private exporters reported to the USDA export sales of 384,150 MT of Soybeans to an unknown destination for the 13/14 marketing year. The DTN National Soybean Index came in a penny lower than the previous day at $12.91.
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