(Dow Jones) US soybean futures end lower, retreating from early gains on
poor export demand and outside pressure. Early gains fueled by optimism about
Europe's debt, but enthusiasm waned and commodities fell on reports S&P is
putting Europe's triple-A countries on downgrade watch. Weekly soybean export
inspections were disappointing, and traders say South American weather, while
dry, is not yet a major problem for the crop. CBOT Jan soybeans end down 9 1/2c
to $11.26 1/4 a bushel, down 20c off day's highs. Dec soymeal ends down $5.30 to
$281.10 per short ton while Dec soyoil holds steady amid flat crude oil prices,
ending up 0.02 cents to 50.07 cents/lb. (ian.berry@dowjones.com)
Call us at 212.416.3100 or email paul.vigna@dowjones.com
No comments:
Post a Comment