Soybeans Futures PricesMon, Mar 30th, 2015
Latest Brugler Soybeans Report
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Soybean futures are higher on the day, as are most bean meal contracts. Weekly export inspections reported by the USDA this morning were up nearly 20% from last week, interrupting a string of weeks where shipments were below last year. They were 29% larger than the same week a year ago. Total export commitments as of March 19 are near 100% of the current USDA projection for 2014/15 exports. Shipments YTD are 153 million bushels ahead of year ago. The surveys show the trade expecting USDA to show planting intentions of about 85.9 million acres, up about 2.2 million from last year. Some estimates run as high as 88 million total soybean acres.
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