Soybeans posted Wednesday losses of 3 to 4 ½ cents at the close. The cmdtyView national average Cash Bean price was 5 cents lower at $9. 87 1/4. Soymeal futures were $4. 10 to $5. 20 lower, with Soy Oil futures steady to 16 points higher. USDA reported a couple private export sales of 198, 000 MT of soybean to China and 125, 000 MT to unknown destinations this morning. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Another delayed update to the backlogged CFTC reports showed managed money adding just 1, 137 contracts to their net long as of the week ending on 12/2. That net long was 215, 428 contracts in soybean futures and options. ANEC estimates the Brazilian soybean exports for December at 3. 57 MMT, a 0. 24 MMT increase from last week’s estimate. Jan 26 Soybeans closed at $10. 58 1/4, down 4 1/2 cents, Nearby Cash was $9. 87 1/4, down 5 cents, Mar 26 Soybeans closed at $10. 68 3/4, down 3 cents, May 26 Soybeans closed at $10. 80, down 3 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart Get Ready for a Big USDA Data Week in the Wobbly Grain Markets How Much Lower Will Soybean Meal Prices Go? Can Wheat Prices Recover? Learn How to Read These Smart Money Warning Signs as Commitments of Traders Data Comes Back Online The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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