Soybean Meal Futures PricesTue, May 3rd, 2016
Latest Brugler Soybean Meal Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Soybean futures finished mostly 7 1/2 to 14 cents lower. May futures settled with the largest loss on the day after putting in a new high for the move at $10.47 1/2 and posting a 32 1/2 cent trading range. May soybean meal poked out a new high, but then closed $5.80 lower, also victim to the Turnaround Tuesday effect. US soybean planting was only 8% done as of Sunday night. Brazil exported 10.086 MMT of soybeans in April, bringing Jan to Apr exports to 20.9 MMT, up 60% year over year. Informa trimmed its 2015/16 Brazilian production estimate by 0.4 MMT to 100.1 MMT (USDA: 100 MMT), and its Argentinean estimate by 4.5 MMT to 55 MMT (USDA: 59 MMT).
InsideFutures Grains News