Home Markets News Weather

Soybeans

« Go Back

Soybean futures closed the day with 3 to 5 3/4 cent losses. December meal was down 90 cents/ton, with nearby bean oil 32 points lower. The USDA issued a correction to a private export sale to China reported on Nov 30, lowering the total from 525,000 MT to 393,000 MT. Census data shows soybean exports in October at 9.441 MMT, down 15.8% from last year but more than double September’s total. Wednesday morning’s Stats Canada report put Canadian canola production at 21.313 MMT. That exceeded most analysts’ estimates and was an increase of 8.7% from the previous year. The soybean crop was at 7.717 MMT, just short of expectations but 16.6% larger than 2016 production. Analysts are expecting this week’s USDA Export Sales report to show sales of 1-1.5 MMT for 17/18 soybeans.

Jan 18 Soybeans closed at $10.02 3/4, down 5 3/4 cents,

Mar 18 Soybeans closed at $10.14 3/4, down 5 3/4 cents,

May 18 Soybeans closed at $10.25 1/4, down 5 1/2 cents,

Aug 18 Soybeans closed at $10.34, down 5 1/4 cents,

Dec 17 Soybean Meal closed at $340.40, down $0.90,

Dec 17 Soybean Oil closed at $33.09, down $0.32

« Go Back

Real-time Login
     Get Real-time Data
Edit Preferences      Refresh:   On   Off