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  • Pre Session Commentary - Detailed News

US Soyabean Futures Settle In Red
23-Jul-19   08:42 Hrs IST

The US soybean futures closed Monday with most nearby contracts 13 to 13 1/2 cents lower. Cooler forecasts and rains from this weekend along with no news about Chinese purchases caused some selling pressure. This afternoon's NASS report indicated that 40% of the US soybean crop was blooming as od 7/21 (66% avg), with 7% setting pods (28% avg). As expected, conditions were unch at 54% gd/ex and 347 on the Brugler 500index. USDA reported 559,462 MT of soybeans inspected for export during the week that ended on July 18. That was 34.6% below the week prior and down 23.17% from this week in 2018. Of that total, 317,456 MT was headed to China.

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