Soybeans Closed in the Red for Tuesday
BRUG - Tue Nov 26, 4:43PM CST

Soybeans futures fell after another round of trading, finishing Tuesday’s session with 7 1/4 to 8 1/4 cent losses in the nearby contracts. Soybean meal was $3.60/ton lower at the closing bell, and bean oil finished with a 22 point loss. USDA’s weekly Crop Progress Report showed harvest 94% complete. North Dakota has battled winter weather throughout the harvest. It progressed 5 percentage points over the week, and is now at 89% harvested, with their average being 99% for this date. The Brazilian Real touched an all-time low against the dollar this afternoon closing at the record of .2364 dollars to Real. The weak currency has helped push their FOB prices down to $365.90/tonne. The latest trader estimates (grains exporters associations) projected Brazilian exports at 68.7 MMT of beans through Nov 23.

Jan 20 Soybeans closed at $8.84 1/4, down 8 1/4 cents,

Mar 20 Soybeans closed at $8.98 3/4, down 8 1/4 cents,

May 20 Soybeans closed at $9.13 1/4, down 7 3/4 cents,

Jul 20 Soybeans closed at $9.26, down 7 1/4 cents,

Dec 19 Soybean Meal closed at $294.70, down $3.60

Dec 19 Soybean Oil closed at $30.22, down $0.22

-- provided by Brugler Marketing & Management

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