Soybean Market 9 to 12 Cents Lower
BRUG - Fri Jun 07, 4:39PM CDT

Soybean futures were mostly 9 to 12 cents lower on Friday. Soymeal was down $3.60/ton, with bean oil 38 points lower in the nearby contract. USDA reported 110,000 MT of soybeans sold to Egypt under the daily reporting system, spread across both the current and next year shipping slots. China’s President Xi described President Trump as his friend and suggested that multi-lateral trade is still desirable. Per the Commitment of Traders report, the large spec funds were still net short -93356 contracts of futures and options on June 4. That reflected net buying of 36,638 contracts for the week in the CFTC reporting period.

JUL 19 Soybeans closed at $8.56 1/4, down 12 1/2 cents,

AUG 19 Soybeans closed at $8.63, down 12 1/4 cents,

SEP 19 Soybeans closed at $8.70, down 12 1/4 cents,

NOV 19 Soybeans closed at $8.83, down 12 1/4 cents,

JUL 19 Soybean Meal closed at $312.30, down $3.60,

JUL 19 Soybean Oil closed at $27.38, down $0.38

--provided by Brugler Marketing & Management

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