Home Markets News Weather

Beans Close in Green

« Go Back

Today was First Notice day for Aug soy futures, the last trade day of the week, and of July. There were no delivery notices vs. August beans. Soybeans closed the day with gains, the week with weakness, and the month with gains. Nov beans closed at $8.92 1/2 per bushel, which was 5 cents below Aug, 6 3/4 cents below last Friday’s close, and 10 1/4 cents above the July 1 open. Meal futures fell back into the weekend. Soy oil futures gained another 53+ points on Friday. USDA announced another large export sale of soymeal to Philippines, with 222,000 MT sold for 2020/21 delivery. Managed money added 10,896 new shorts wk/wk, which paired with light long liquidation reduced their CFTC net long 22% to 62,161 contacts. Also in the CoT report, soymeal spec traders were 19,464 contracts net short on July 28. That was 9,714 contracts less short wk/wk via short covering. Managed money was 37,549 contracts net long in bean oil on July 28. Ahead of next Monday’s Fast & Oils report, analysts expect June soybean crush to be tallied at 177.8 mbu. That would be more than 8.3 mbu larger yr/yr if realized. Soy oil stocks are estimated at 2.336 billion lbs.

Aug 20 Soybeans closed at $8.97 1/2, up 5 3/4 cents,

Sep 20 Soybeans closed at $8.90 1/4, up 3 1/2 cents,

Nov 20 Soybeans closed at $8.92 1/2, up 4 1/4 cents,

Jan 21 Soybeans closed at $8.98, up 4 1/4 cents,

Aug 20 Soybean Meal closed at $289.30, down $0.50

Aug 20 Soybean Oil closed at $30.91, up $0.93

--- provided by Brugler Marketing & Management

« Go Back

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