Soybeans Futures PricesWed, Jul 30th, 2014
Latest Brugler Soybeans Report
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Soybean futures are trading 5 to 8 cents lower. Funds were estimated to be net sellers of roughly 4,000 lots of beans and 2,000 lot of meal. Export bookings continue to be strong. Private exporters reported to the USDA export sales of 135,000 MT of soybean cake and meal for delivery to unknown destinations during the 2014/2015 marketing year. Export inspections still show 39 million bushels needed to meet USDA forecasts for the year, but Census numbers are official and have been running larger than inspections. They are also released at least a month and a half later.
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