Soybeans Mostly 1 to 1 1/2 Cents Lower
BRUG - Wed Nov 13, 7:29AM CST

Soybean futures are 1 to 1 1/2 cents lower, excluding soon to expire November. It is fractionally higher. Soys closed fractionally mixed on Tuesday. Soybean meal was $1.70/ton higher at the close, with soybean oil finishing 39 points lower. The USDA Crop Progress Report on Tuesday afternoon reported that national soybean harvest was right in line with trader expectations, 85% complete. Harvest averages 92% completion for the time of year, however harvest is now only 2 percentage points behind last year’s pace. Soybean export inspections released Tuesday morning by USDA showed 48.929 mbu of soybeans for the week ending 11/07. That was just below the same week last year and 5.475 mbu less than last week. The MYTD accumulated export inspections for soybeans are 7.01% above 18/19’s pace.

--- provided by Brugler Marketing & Management




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