Soybeans Futures PricesFri, Oct 24th, 2014
Latest Brugler Soybeans Report
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Soybean futures are currently more than 6 cents higher after gains of as much as 30 cents on Thursday. USDA reported net weekly export sales at 2.17 MMT, well above the top trade guess of 1.2 MMT. The largest buyer was China @ more than 1.7 MMT. Dec meal futures added $14.40 on Thursday. Overnight, they are currently up another $5.50. Cumulative 2014/15 meal export commitments are currently well ahead of recent years. USDA shows commitments for 57% of the projected full year shipments. Typically only 36% would have been purchased by now.
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