soybean futures quotes

soybean futures quotes

November 21st, 2014

Soybean futures advanced on indications of sustained demand for U.S. supplies of the oilseed, while wheat and corn futures declined.

U.S. shippers sold 140,000 metric tons of soybeans to unknown buyers, the U.S. Department of Agriculture reported yesterday. Soybean meal net export sales were 265,749 tons in the seven days through Nov. 13 from 39,637 tons a week earlier, according to the USDA’s weekly report.

“Demand for U.S soybeans remains strong,” Darin Newsom, a senior analyst at DTN, wrote in a market comment today.

Soybeans for January delivery rose 0.6 percent to $10.2625 a bushel on the Chicago Board of Trade before a pause in trading at 7:45 a.m., reversing earlier losses of as much as 0.7 percent. Prices are 0.4 percent higher this week.

Corn for March delivery fell 0.4 percent to $3.8475 a bushel, heading for a weekly loss. Wheat for delivery in March declined 0.5 percent to $5.4975 a bushel, also set for a drop this week, while milling wheat for January delivery rose 0.7 percent to 176 euros ($218.37) a ton.

- Rudy Ruitenberg in Paris at Bloomberg.