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Soybeans mini-siz(P) Futures PricesFriday, May 25th, 2012Current Prices | End-of-Day Prices | Options Quotes | Spread Quotes | Profile
Soybeans closed higher with new crop stronger on the day. Soybeans were down 23 cents for the week on the spot month. The weekly CFTC report showed Managed Money had decreased their net long by 15,781 contracts. Technical indicators are very oversold and looking for a reason to bottom out. The BA exchange cut projected Argentine soy production to 39.9 MMT and the overall gradual decline in soybean production estimates in Argentina has been a contributing factor to buyers coming to the U.S. for supplies ahead of schedule. Jul 12 Soybeans closed at $13.82, up 6 cents,
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