By Rebecca Townsend Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones) - Chicago Board of Trade soybean futures settled sharply
lower Friday on continued strength in the U.S. dollar and outside market
influences.
September soybeans settled 53 3/4 cents lower at $12.11 1/2 and November
soybeans ended 55 cents lower at $12.19.
December soymeal settled $14.80 lower at $332.70 per short ton. December
soyoil finished 207 points lower at 50.83 cents per pound.
In the absence of any fresh fundamental news, the market reflected a retreat
of speculative investors from commodities in general, traders and analysts
said.
"There's just so much money sloshing around in these commodity markets; when
one market goes they all go," said Nathan Losey, an analyst with the AgResource
Co.
The U.S. dollar climbed. Crude oil dropped more than $2 a barrel. Gold and
silver were down sharply.
Active soybean contracts briefly plunged their exchange-imposed 70-cent daily
trading limit amid the outside influences and weakness in Asian markets
overnight.
Overall activity was subdued despite the sharp slide with one trader noting
"it was the quietest almost-limit-down day in quite a while."
The absence of fresh fundamental news provided little incentive for traders
to push prices higher as buyers backed away from commodities either to the
sidelines or into equities, a CBOT floor broker said.
"There's really no change in the fundamentals," Losey said. "Without anything
new there's nothing left to trade except for what the funds are doing."
In pit trades, speculative fund selling was estimated at 4,000 contracts.
Most of the central U.S. should see temperatures from three to 10 degrees
Fahrenheit above normal through the middle of next week, DTN Meteorlogix said.
"This temperature pattern will be beneficial to crops in need of heat units
during the filling and maturing stages of the season," Meteorlogix said.
SOY PRODUCTS
Soy-product futures tumbled Friday, following a steep decline in soybeans.
Both soymeal and soyoil came close to falling their daily trading limits during
the session amid broad-based weakness in commodities.
The sharp slide in crude-oil futures weighed heavily on soyoil, with soymeal
following closely behind price movements in soybeans.
December oil share ended at 43.31% and the November/December crush ended at
72 1/2 cents.
Speculative fund selling was estimated at 2,000 lots in soymeal and 3,000
lots in soyoil.
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
29800.00 | + 650 | 30000.00 | + 840 |
ПФО |
28940.00 | + 990 | 29000.00 | + 950 |
СКФО |
29450.00 | + 750 | 30000.00 | + 1050 |
ЮФО |
29250.00 | + 1100 | 29700.00 | + 750 |
СФО |
29300.00 | + 900 | 29500.00 | + 1200 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
72000.00 | + 1000 | 73300.00 | + 50 |
ЮФО |
69800.00 | + 0 | 74000.00 | + 0 |
ПФО |
71500.00 | + 500 | 73100.00 | + 100 |
СФО |
72500.00 | + 500 | 74900.00 | - 100 |
Обсуждение