Soybeans Futures PricesWed, Feb 10th, 2016
Latest Brugler Soybeans Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Soybean futures are a couple cents higher to start the Wednesday action, after settling fractionally higher with a relatively narrow trading range on Tuesday. USDA forecasted domestic crush to be 10 million bushels (mbu) smaller than it did in January, which took US ending stocks up 10 mbu from last month to 450 mbu. The range for the national average farm price stayed the same with the midpoint at $8.80. Brazilian soybean production was held steady at 100 MMT, but the Argentine production figure was 1.5 MMT larger than a month ago. World ending stocks were up 1.14 MMT from the January report. Chinese imports were unchanged at 80.5 MMT, which would mean smaller year/year totals for each month remaining in the marketing year.
InsideFutures Grains News