Soybeans (P) Futures PricesFri, Mar 6th, 2015
Latest Brugler Soybeans (P) Report
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Soybean futures climbed back late in the session to post only minor losses for the day. March was down 48 3/4 cents for the week, however. US export sales are declining seasonally. The trade expects a slight reduction in US ending average guess for soybean ending stocks next Tuesday on assumptions of another hike in projected exports. We’re beginning to see deliveries vs. the March soybean contract now that prices have dropped enough to make the original sellers whole. There were 98 lots put out overnight, bringing the 2 day total to 198. Managed money this week added just under 3,500 long contracts, bringing their holdings to net long 3,777 on Tuesday, according to the CFTC.
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