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Soybean Complex Market Recap for 7/27/2010
from   :CBOT         Date  : 2010-07-28

     August Soybeans finished down 1/4 at 998, 7 off the high and 3 1/2 up from the low. November Soybeans closed down 1/2 at 965 1/2. This was 3 1/4 up from the low and 7 3/4 off the high.

    August Soymeal closed up 1.3 at 294.5. This was 2.1 up from the low and 2.0 off the high.

    August Soybean Oil finished down 0.24 at 38.56, 0.36 off the high and 0.06 up from the low.

    November soybeans finished marginally lower today after giving up gains established late in the overnight session and into the start of the day session. However, the November contract managed to remain above yesterday´s low throughout the day. December meal posted a fractional gain on the day while December soy oil traded lower. Traders said that the weak tone came on lower crude oil and gold markets, a better than anticipated weather outlook in the Midwest this week and a marginally higher dollar. Cash markets were also on the soft side this morning.

 

 

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