Soybeans Futures PricesThu, Dec 12th, 2013
Latest Brugler Soybeans Report
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Soybeans futures are trading 16 to 21 cents lower at midday. The Jan 14 contract is displaying the most weakness and is changing hands at $13.22. The Dec 13 soybean meal and soybean oil contracts expire on Friday. Soybean export sales this morning were expected to be 750,000 – 950,000 MT. The USDA put the number at 1,108,600 MT. Trade expectations for soybean cake and meal export sales were between 100,000 and 200,000 MT, and expectations were between 0 and 30,000 MT for soybean oil. The report showed 82,700 MT for meal, and 2,300 MT for oil. Sales to Mexico and the DR were partially offset by decreases for Canada. March Soybean futures on the Dalian exchange closed at around $20.02 per bushel. The DTN National Soybean Index was up $0.05 from the previous day at $13.05.
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