Soybean futures are in mixed close
Soybean futures prices on Thursday were partially mixed in new crop contracts, with old crop contracts in the red by 1 to 3 cents.of soybean meal The contract was $3.10 to $3.50 higher over the last month. soybean oil Futures fell 70 points on Thursday and ended the week near UNCH.
The official soybean shipment volume for February was announced at 193.4 mbu. This was down from his 219 mbu in January, but closer to his February 2023 delivery. Official census exports for this season were 1.3 bbu through February.
The USDA announced this morning that it has shipped a massive 152,404 tons of soybeans to Mexico. Weekly export sales data showed just 194,220 tonnes of soybeans were booked for the week ending March 29, lower than trade forecasts that had expected it to be at least 200,000 tonnes. Sales of new products were 0. Sales of soybean flour were 234,755 tonnes and 202,170 tonnes in current MY. Soybean oil was shown at 3,097 tonnes.
StoneX has lowered its estimates for Brazil's soybean production, citing lower yields in MGDS, São Paulo and Paraná states. The new production estimate is set at 150.8MMT.
May 24th Soybean It closed down 2 1/4 cents at $11.80.
cash near me It fell 2 1/4 cents to $11.26 5/8.
July 24th Soybean It closed 3 cents lower at $11.92 1/4.
November 24th Soybean It closed down 1 cent at $11.83 3/4.
On the date of publication, Alan Brugler I had no position (directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. Please see the Barchart Disclosure Policy for more information. here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Summarize this content to 100 words
Soybean futures prices on Thursday were partially mixed in new crop contracts, with old crop contracts in the red by 1 to 3 cents.of soybean meal The contract was $3.10 to $3.50 higher over the last month. soybean oil Futures fell 70 points on Thursday and ended the week near UNCH. The official soybean shipment volume for February was announced at 193.4 mbu. This was down from his 219 mbu in January, but closer to his February 2023 delivery. Official census exports for this season were 1.3 bbu through February.
The USDA announced this morning that it has shipped a massive 152,404 tons of soybeans to Mexico. Weekly export sales data showed just 194,220 tonnes of soybeans were booked for the week ending March 29, lower than trade forecasts that had expected it to be at least 200,000 tonnes. Sales of new products were 0. Sales of soybean flour were 234,755 tonnes and 202,170 tonnes in current MY. Soybean oil was shown at 3,097 tonnes.StoneX has lowered its estimates for Brazil's soybean production, citing lower yields in MGDS, São Paulo and Paraná states. The new production estimate is set at 150.8MMT. May 24th Soybean It closed down 2 1/4 cents at $11.80.cash near me It fell 2 1/4 cents to $11.26 5/8.July 24th Soybean It closed 3 cents lower at $11.92 1/4.
November 24th Soybean It closed down 1 cent at $11.83 3/4.On the date of publication, Alan Brugler I had no position (directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. Please see the Barchart Disclosure Policy for more information. here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/mixed-closed-for-soy-futures Soybean futures are in mixed close
