Soybeans Futures PricesTue, Oct 25th, 2016
Latest Brugler Soybeans Report
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Soybean futures were mostly 9 to 10 1/4 cents higher to start the week. Dec bean oil was up 87 points, accounting for most of the day's gain in soybeans. The November soybean contract reached as high as $9.99 3/4 before selling off until it found support in the $9.85 area. Weekly export inspections reported by USDA this morning were the largest so far this marketing year at 2.739 MMT. That figure is up 9.2% vs. last week and +2.78% vs the same week last year. Traders were looking for today's NASS report to show about 77% of the US crop harvested, and the official figure was 76%. That is 14 points farther along than a week earlier, and on par with the 5yr avg pace.
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