Soybeans Futures PricesWed, Aug 20th, 2014
Latest Brugler Soybeans Report
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Soybeans are trading mostly 13 to 14 cents lower at midday. The Sept contract is firmer, now trading about 3 cents shy of even money after trading as much as 6 cents higher this morning. September options expire on Friday. Soybean meal was sharply higher yesterday, and again this morning, but has slipped into the red at midday. ABIOVE raised its projection for 2014 Brazilian soybean exports to 45 MMT from 44 MMT. This morning, USDA reported private exporters sold 110,000 MT of soybeans to Vietnam for 2014/15 delivery. In the Pro Farmer crop tour, soybean yield estimates are varied with scouts noting healthy plants overall. Pod counts are generally above year ago, but in some cases participants are noting a lot of 2 bean or immature pods.
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