Soybeans Futures PricesFri, Feb 12th, 2016
Latest Brugler Soybeans Report
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Soybean futures are currently trading slightly lower on the session after closing around a dime higher yesterday, drawing strength from further weakness in the US Dollar and solid export sales to China in the weekly report. Chinese markets continue to be closed for the Lunar New Year holiday. After finishing at its lowest price since Jan 11 on Wednesday, the front month Mar16 contract was up 11 1/4 cents on Thursday, but is fairly quiet here at midday. According to DTN, the national average cash soybean price was $8.25 1/2 last night, down $1.07 from this time a year ago. Data shows the national average basis is off 2 3/4 cents from last year, at 48 cents under.
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