Soybeans Futures PricesFri, Mar 7th, 2014
Latest Brugler Soybeans Report
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Soybean futures are trading 7 cents lower to 6 cents higher at midday. Earlier in the session the May 14 contract traded as high as $14.59 but has backed off the best levels of the day. Preliminary OI was up 4,781 contracts on Thursday. There were 0 deliveries put out against the Mar 14 contract overnight, with the month to date total at 140 contracts. A Bloomberg survey put trade estimates for the Monday USDA report at 88.09 MMT for B razil and 53.6 MMT. The average guess for the US ending stocks number is 144 million bushels.
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