Soybean Oil Futures PricesTue, May 26th, 2015
Latest Brugler Soybean Oil Report
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Soybean futures were sharply lower on the day, however July bean meal was able to post a slight gain on the day. For the week July soybeans lost 29 cents (or nearly 3.15%), and meal gained 90 cents (0.3%). Bean oil export commitments are well behind normal for this date and the July contract lost 61 cents on the day and 4.52% on the week. Private exporters reported to the USDA this morning that Thailand booked 109,400 MT of soybean meal for delivery during 2015/16CFTC showed in its weekly report that the managed money accounts had a new record net-short position in disaggregated futures and options for soybeans, coming in 39,280 contracts more short than a week earlier at -90,271 contracts.
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