« Return to Headlines

Soy Market Firm but Lower
BRUG - Thu Jul 02, 3:59PM CDT

Soybean futures ended the last trading day of the week down by 1/4 to 2 1/4 cents lower. From Friday’s close, July beans were 3.2% higher and Nov beans gained 4.1%. Soymeal futures recovered from midday losses and ended the Thursday session with gains of 50 to 80 cents. Soybean oil traded down by 25 to 27 points on the day, but July bean oil still closed 76 points higher on the week. USDA’s mandatory reporting system showed that China had bought 126,000 MT of new crop beans. In the weekly Export Sales report, old crop bean sales were 241,678 MT. New crop bean sales were above estimates at 841,650 MT. The total forward sales are up to 254.88 mbu, with China has booking 58.17% of the total. For soymeal, USDA reported sales at 143k MT for the week. That was up sharply yr/yr. Bean oil export sales were a 25-week low of 2,834 MT. Census data showed May soybean exports at 72.22 mbu bringing official MYTD exports to 1.36 bbu. Meal and oil exports for the month were 993k MT and 162k MT respectively. For bean oil, that was a MY high and the second largest May on record.

Jul 20 Soybeans closed at $8.92 1/2, down 1 1/4 cents,

Aug 20 Soybeans closed at $8.91 1/4, down 1/4 cent,

Sep 20 Soybeans closed at $8.90, down 1 1/4 cents,

Nov 20 Soybeans closed at $8.96 3/4, down 2 1/4 cents,

Jul 20 Soybean Meal closed at $293.50, up $0.80

Jul 20 Soybean Oil closed at $27.96, down $0.25

--- provided by Brugler Marketing & Management

« Return to Headlines

Not logged in - Login
Get real-time data

Font size:   A   A   A   A   •   Refresh:   On   Off

Last Update: 22:07:58 CST

          
 
Visit Our Main Website