Soybeans Futures PricesThu, Oct 30th, 2014
Latest Brugler Soybeans Report
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Soybean futures were sharply higher on the session, with November closing 8.5 cents above the intraday high from Tuesday. December meal futures were up more than $22 on the session. Bean oil was also sharply higher; with the Dec14 contract up $1.39 on the day after trading at the highest price for a front month contract since mid-August. Oil World announced that it is expecting rising soy oil prices in the Oct-Mar time period, and the traders responded quickly. A leading palm oil analyst also changed his tune on prices for that commodity to a more bullish one. January soybean futures on the Dalian exchange closed at the US equivalent of $19.98. USDA export sales numbers tomorrow morning are expected to be in the 1.0 MMT to 1.5 MMT range.
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