Home Markets News Weather

Soybeans

« Go Back

Soybean futures are 2 cents lower to 3 cents higher this morning, after being 6 to 8 1/2 cents in the green on Tuesday. Old crop contracts are firmer than new crop. Preliminary open interest rose only 753 contracts, suggesting more rotation of ownership than net new buying interest. Nearby Soymeal futures were up $2.50/ton, with front month soy oil 46 points higher. NOPA will release their monthly US crush report for February crush among its members this Thursday. Analysts are estimating that the crush will total a monthly record 149.443 bbu, with stocks totaling 1.766 billion pounds. Argentina’s soybean production estimate was reduced another 2 MMT to 43 MMT by Dr. Cordonnier, with the Brazil estimate still at 114 MMT.

« Go Back

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