Soybeans Futures PricesTue, Sep 2nd, 2014
Latest Brugler Soybeans Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Soybean futures are trading a few cents higher this morning after a steady start on Monday evening. The delivery squeeze situation continues to unwind for the September beans and September meal futures as well. There were no September meal or soybean deliveries over the weekend, with no deliverable receipts. The oldest meal long is from 6/10/13! A weather firm boosted projected US average bean yield to 46.9 bpa, which nudged futures lower. A number of private estimates are expected between now and Friday, with the USDA report on September 11. Some inland crushers continue to pay huge pushes for old crop beans, as they are unable to access the imported stuff and there are currently zero beans registered for delivery vs. September futures. Southern bean yields to date have been “average” in LA and SC, with a few “outstanding” reports thrown in.
InsideFutures Grains News