Soybean Meal Futures PricesTue, Jan 27th, 2015
Latest Brugler Soybean Meal Report
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Soybean futures are trading steady to fractionally higher so far this morning. The Brazilian farm consulting group AgRural says the harvest is about 3% complete, but cautioned that rain is still needed in some key areas if it is going to keep its production estimate at 95 MMT next month. Many of the major growing areas of Argentina have ample moisture for their developing soybeans. US export inspections this week were slightly larger than last week, but off 24.39% from the total for the same week a year ago. YTD inspections are still up 197.4 million bushels (+17.7%) from a year ago.
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