Soybean Market Awaits USDA Export Data
BRUG - Fri Nov 29, 7:26AM CST

Soybean futures were down 2 1/4 to 2 3/4 cents on Wednesday, with the market closed on Thanksgiving and scheduled to re-open at 8:30 AM CST. Soybean meal finished Friday with a 90 cent/ton drop, and bean oil gained 15 points to go into the holiday. Wire service surveys shown expectations for the weekly Export Sales report running 600,000 MT to 1.3 MMT. Meal ideas coming into today were 150,000 to 300,000 MT and soy oil ideas are running 5,000 to 30,000 MT. There were 319 delivery notices against December soybean meal, with most stopped by a JPM client. CFTC Commitment of Traders data is not expected until Monday. The monthly oilseed crush report on Monday is expected to be record large.

--- provided by Brugler Marketing & Management





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