Midday soybean trading has the board exploring the lows with 17 3/4 to 28 cent losses across the front months. Soymeal prices are $1.50 to $1.70/ton weaker. Midday BO futures are down by as much as 4% at midday.Â
Canadian Canola Prices are also trading lower with $3.80 CAD/MT losses.
The monthly Census data confirmed 986k MT of soybeans were shipped during May. That was a sharp drop from the 2.45 MMT exported last year. The official total was 50.476 MMT through May. That is 92% of USDA’s forecasted total.Â
The month’s soymeal export was 1.08 MMT, for a total 9.08 MMT through May. Census confirmed 22,777 MT of soy oil was shipped. That left the full year total at 111,672 MT.Â
Aug 23 Soybeans  are at $14.44, down 24 3/4 cents,
Nearby Cash  is at $14.84 1/2, down 17 3/4 cents,
Sep 23 Soybeans  are at $13.53 1/4, down 25 cents,
Nov 23 Soybeans  are at $13.31 3/4, down 23 1/4 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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