Soybean Futures Little Lower

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November Soybeans are trading at 988, down 4 cents/bushel. January Soybeans are trading at 998 1/4, down 4 cents/bushel. December Soymeal is trading at 306.7, down 0.6 $/ton. December Soybean Oil is trading at 35.72, down 0.27 cents/lb. Soybean futures are trading near the session lows. The weekly soybean crop harvest report showed 76 percent of the soybean crop was harvested versus 62 percent last week and 84 percent a year ago. The ten year average at this time of year is 74 percent. The USDA reported on Monday that export inspections for soybeans for the 2016 to 2017 marketing year as of October 20th are now 19 percent of the USDA forecast versus the five year average of 18.1 percent.
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Posted In: FuturesCommoditiesMarketsSoybean futures
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