Soybeans Futures PricesMon, Jun 29th, 2015
Latest Brugler Soybeans Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Soybean futures finished mixed, from up a half cent to down 6 cents. Condition ratings declined further in the Crop Progress report published this afternoon, with the Brugler500 rating dropping 3 points to 363. The trade estimated planting @ 93-95% completed. USDA reported 94%, 3 points shy of the five year average but right on top of the expectations. The weekly export inspections for the week ending June 25 were 296,860 MT, a 40% increase from the week before, and a change of + 74.96% from the 2014 figure for this week. YTD inspections are 12.40% larger than last year. Acreage estimates for the USDA report tomorrow average 85.171 million acres, about half a million acres larger than the March Intentions report. Estimates for soybean stocks as of June 1 average 670 mbu, with a 116 mbu range from 604 mbu to 720 mbu. The high end would be 177% of a year earlier.
InsideFutures Grains News