Soybean prices are 3 to 4 3/4 cents in the red so far through midday. Monday’s soymeal market is $0.60 to $1.50 in the black. BO futures are 26 to 29 points lower through midday.
Weekly Export Inspections data had 214,247 MT of soybean shipments for the week that ended 6/1. That was down 28.8k MT from last week and was below the 370k MT shipped during the same week last year. The accumulated export program reached 48.67 MMT, or 1.25 MMT behind last year's pace.
Strategie Grains estimates the EU rapeseed crop at 20.4 MMT, up 400k MT from their prior estimate and 1 MMT from 22/23.
Jul 23 Soybeans are at $13.50 1/2, down 2 cents,
Nearby Cash is at $13.22 3/8, down 1/4 cent,
Aug 23 Soybeans are at $12.62 1/2, down 0 cent,
Nov 23 Soybeans are at $11.81 1/4, down 2 1/2 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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