Soybeans Futures PricesWed, Nov 26th, 2014
Latest Brugler Soybeans Report
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Soybean futures are trading steady to slightly higher this morning after a strong performance on Tuesday. Some bulls were swayed by odds greater than 50/50 for prices to settle higher today and on Friday. It does seem to matter how many years you include in the calculation! Strong price support came from the soybean meal and soybean oil markets yesterday. The domestic crushers need beans to make meal for export and the export market for whole beans has been strong at this price level too. That is creating competition for the beans that are moving.
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