In The News
| Soybean |
|
Sunday, May 20, 2012
Soybean futures got off to a firmer start, but late, heavy selling sent the market
plummeting 16 to 33 cents on the close. Today?s losses brought the market to a steady to lower
close for the week....
July Soybeans finished down 33 at 1405, 33 3/4 off the high and equal to the low. November Soybeans
closed down 18 1/2 at 1288. This was equal to the low and 29 1/2 off the high. July Soymeal closed
down 10.1 at 417.9. This was 0.9 up from the low and 12.9 off the high....
Malaysian palm oil futures ended almost flat after hitting a near 5-month low, as lingering worries
over Greece's potential exit from the euro zone dampened investors' risk appetite....
Effective this Sunday, May 20 (trade date Monday, May 21), the electronic trading hours on CME
Globex for all CBOT Commodity, KCBT, and MGEX Grain and Oilseed futures and options will be
expanded to the following:Sunday to Friday: 17:00 CT to 14:00 Central Time (CT)Additional details
on the impacted products are available
online. If you have any questions, please contact the CME Global Command Center at 312-456-2391, in
Europe at 44-20-7623-4708 or in Asia at 65-6223-1357.
Effective this Sunday, May 20 (trade date Monday, May 21), the electronic trading hours on CME
Globex for all CBOT Commodity, KCBT, and MGEX Grain and Oilseed futures and options will be
expanded to the following:Sunday to Friday: 17:00 CT to 14:00 Central Time (CT)Additional details
on the impacted products are available
July soybeans opened 3 1/2 cents lower on the session at 1434 1/2 and established an early range of
1426 to 1438 3/4. The jump in wheat provided some early support but the market drifted lower to
trade moderately lower on the session into the mid-session....
China, the world's top soy importer, will sell 600,000 tonnes of domestic soy from state reserves
next week to draw down old government stocks, and analysts expect the sales could pressure crushing
margins and slow down imports....
Argentina cut its 2011/12 soy forecast to 41.5 million tonnes from 42.9 million last month and
predicted 2012/13 wheat area would shrink nearly 14 percent from last season, the government said
on Thursday....Contact Us
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