Soybeans Futures PricesTue, Sep 27th, 2016
Latest Brugler Soybeans Report
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Soybean futures are trading mostly 2.5 cents higher this morning after losing 8 3/4 cents to 9 3/4 cents to start the week. Pressure comes from a steady flow of impressive yield reports as well as further weakness in meal, with Sept down $5.70, and oil off 11 points. Weekly export inspections for soybeans were a slow 383,953 MT in this week’s report. That figure is only about half of the amount reported a week earlier, and down about 30% from the same week a year ago. On Monday afternoon, NASS reported 68% of the national crop is dropping leaves; 4 points ahead of the five year average. The harvest is 10% complete vs. the 5yr avg for this date of 13% complete. The Brugler500 crop condition index was UNCH at 383.
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