Latest Brugler Soybeans Report
Soybean futures are currently more than 8 cents lower after on the day, after posting new highs for the move at $10.02 shortly after 7AM this morning. The November contract gained 30 cents on Thursday after the USDA reported net weekly export sales at 2.17 MMT, showing strong export demand. The domestic crushers want to get their hands on the beans too, in order to make good on their export commitments for soybean meal. Cumulative 2014/15 meal export commitments are currently well ahead of recent years. November soybean options expire today. The run off presidential election in Brazil is this weekend.
InsideFutures Grains News