More Drops in Beans
BRUG - Wed Nov 27, 4:24PM CST

Soybean futures are down after pre-holiday trades, with nearby futures falling by 2 1/4 to 2 3/4 cents. Soybean meal finished with a 90 cent/ton drop, and bean oil gained 15 points to go into the holiday. The Brazilian Real touched an all-time low against the dollar yesterday at .2364 dollars to Real. The weak currency has helped push their FOB prices down to $359.8/tonne. FOB prices for American beans have also been falling keeping us competitive, and were currently at $349/T with Argentinean beans shown at $357 from a weeklong upward trend.

JAN 19 Soybeans closed at $8.82, down 2 1/4 cents,

MAR 19 Soybeans closed at $8.96 1/2, down 2 1/4 cents,

MAY 20 Soybeans closed at $9.10 3/4, down 2 1/2 cents,

JUL 20 Soybeans closed at $9.23 1/4, down 2 3/4 cents,

DEC 19 Soybean Meal closed at $293.80, down $0.90,

DEC 19 Soybean Oil closed at $30.37, up $0.15

-- provided by Brugler Marketing & Management




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