Parent Category: Commodity Price Category: Futures

Soybean - CBOT, Chicago, USA

15/02/2012 comments avalable upon request

10/01/2012 12.00 am Kiev Soybeans
Soybean futures closed much higher with support from a weaker US dollar, support from a rally in feed grains (which helped meal) and changes in asset allocation. DJ survey average estimates showed 227 million bushels expected 2011/12 ending stocks. An Israeli group is seeking up to 21 TMT US or S American soymeal. Rain is still expected this week in Argentina, but the extended forecasts are warmer and drier. The USDA Export Inspections report this morning showed 31.969 million bushels inspected for export for the week ending January 5th with a total increase of 34.416 million bushels from last week after revisions to prior data. This is 4.546 million bushels less than was shipped out than for the same week last year. YTD shipments are 244 million bushels below last year at this time. Jan 12 Soybeans closed at $12.25 3/4, up 36 1/4 cents, Mar 12 Soybeans closed at $12.33, up 36 1/2 cents, May 12 Soybeans closed at $12.42, up 36 cents, Nov 12 Soybeans closed at $12.21 3/4, up 30 1/2 cents, Jan 12 Soybean Meal closed at $320.20, up $10.60, Jan 12 Soybean Oil closed at $52.02, up $1.22

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