Soybean Oil (P) Futures PricesThu, Dec 19th, 2013
Latest Brugler Soybean Oil (P) Report
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Soybeans futures are trading 1 to 5 cents lower at midday. The Jan 14 meal contract is also lower on the day and changing hands at $439.60. Weekly US export sales for soybeans were expected to be between 700,000 MT – 1.0 MMT this morning. The actual total from USDA was only 415,500 MT, with 306,400 MT going to China including 222,800 MT switched from unknown destinations. Decreases were reported for 576,300 MT that was previously booked for unknown destinations. USDA put weekly soybean meal export sales at 77,100 MT. The DTN National Soybean Index was down 0.22 from the previous day at $12.84.
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