Soybeans Futures PricesMon, Oct 5th, 2015
Latest Brugler Soybeans Report
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Soybean futures finished the Monday session 9 cents to a dime higher. Soy oil rallied on ideas of a retro-active blend credit that would keep biodiesel plants in business. The USDA Export Inspections report this morning showed that 1.123 MMT of soybeans were inspected for export during the week ending October 1. That doubled inspections from the previous week, and was 12% larger than the same week a year ago. Current marketing year cumulative inspections are 59,000 MT larger than a year ago. The USDA reported an improved soybean condition in its weekly Crop Progress report tonight. It is now pegged at 366 on the Brugler500 Index, up 4 points from last Monday (2014: 386). Soybeans dropping leaves was at 85% as of Sunday night, two points ahead of the five year average. Harvest is ahead of schedule as well, 10 points ahead of the five year average at 42% done. AgRural stated on Friday, that Brazilian farmers had sold 37% of their new crop soybeans (which is currently being planted), up from 13% at this time a year ago.
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