Soybeans (P) Futures PricesFri, Jul 25th, 2014
Latest Brugler Soybeans (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Soybean futures closed 1 penny lower to 4 cents higher. The front month Aug 14 contract displayed the most strength and finished up nearly a nickel. The 1.2835 MMT of new crop bookings to China in the weekly export sales report yesterday morning must not have been bullish enough to spook the bears for more than a day. According to the USDA announcement this morning, another 360,000 MT was reported sold to China by private exporters. Mexico bought 134,700 MT of soybean meal for delivery in the 2014/15 marketing year. As of the close on July 22, CFTC shows managed money selling 12,454 net contracts of soybeans, flipping them from a net long to a net short position of 18,543 contracts.
InsideFutures Grains News