Soybeans Futures PricesMon, Oct 5th, 2015
Latest Brugler Soybeans Report
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Soybean futures are 8 to 10 cents higher at midday, after losing 2 1/2 to 3 cents on Friday. The USDA Export Inspections report this morning showed that 1.123 MMT of soybeans were inspected for export during the week ending October 1. That doubled inspections from the previous week, and was 12% larger than the same week a year ago. Current marketing year cumulative inspections are 59,000 MT larger than a year ago. The weekly COT report showed managed money accounts were a net 15,753 contracts less short than they were a week earlier. As of the Tuesday close their net short position was -30,497 contracts. AgRural stated on Friday, that Brazilian farmers had sold 37% of their new crop soybeans (which is currently being planted), up from 13% at this time a year ago.
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