Soybeans Futures PricesMon, Sep 22nd, 2014
Latest Brugler Soybeans Report
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Soybean futures are currently 14 to 16 cents lower this morning. Nov futures lost 28 cents last week, or 2.87%. Soybean export sales commitments (shipments and contracts) already cover 55% of the USDA forecast for the year. They are well ahead of the 48% average for this date. The US Dollar index was up more than 400 points on Friday. USDA announced another 1.236 MMT of export sales to China under the daily reporting system. These are likely part of the 4.8 MMT deal announced earlier in the week. The Friday night CFTC report shows the large spec funds getting less bearish by 6,057 contracts last week. Traders are looking for US soybean harvest to be 3-4% complete.
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