Soybeans Futures PricesWed, Aug 31st, 2016
Latest Brugler Soybeans Report
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Soybean futures are trading another nickel to 8 cents lower this morning after mostly double digit losses on Tuesday. Meal took a lot of the heat, losing $5.70/ton. Soy oil was off only 8 points. There is a Chinese buying team in country this week. They are expected to sign a big promise to buy in Indianapolis, but a chunk of the business is likely already on the books. Traders were expecting zero delivery notices on FND vs. September soybean and soy meal futures. Trade ideas for soy oil were in the 1000-2000 contract range. Actual delivery notices were as expected. Zero for beans and meal, and 985 for bean oil. The oldest long in September beans is dated July 25.
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