Soybeans Futures PricesThu, Aug 25th, 2016
Latest Brugler Soybeans Report
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Soybean futures are sharply lower at midday. The PFA Tour pod counts for Illinois averaged 1318.09 per sample vs. the 3 year average of 1201.87. Stronger numbers are also expected for IA and MN when released on Thursday evening. Trade ideas ahead of the USDA Weekly Export Sales report this morning ranged from 1.0 million metric tonnes (MMT) to 1.8 MMT. The pace of announcements under the daily reporting system slowed during that Aug 11-18 period. Sales were still above expectations, at 2.054 MMT (75.5 million bushels). Soy meal export sales were also solid at 213,800 MT.
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