Soybeans Futures PricesFri, Oct 21st, 2016
Latest Brugler Soybeans Report
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Soybean futures were 7 1/2 to 7 3/4 cents higher on Friday, and that helped the November contract finish the week 20 1/2 cents higher (+2.09%) Weekly soybean export sales and shipments were both > 2MMT in this week's report. Meal sales were strong too. Weekly data from the CFTC showed managed money accounts with a net long position that was 14,582 contracts larger than a week earlier. That group was adding longs and getting out of shorts. Commercial accounts added 25,916 shorts, and 4,916 longs for a week/week net change that left them 21,000 contracts more short than a week earlier.
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