Latest Brugler Soybeans Report
Soybean futures are trading a penny higher to 6 cents lower. Preliminary OI was down 6,591 contracts. Trader talk is that China may be looking to sell up to 3 MMT of soybeans from their reserve beginning in early May. The CME announced daily trading limits as of May 1 for soybean futures will be increased from 70 cents to $1.00. The variable limits will be effective until November. Argentina Soybean harvest is now said to be around 18% completed.
InsideFutures Grains News
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