Archive for August, 2014

Dec finished near unchanged today at 66.15. Gaps remain below the current market at 63.84 – 63.88 and 63.37 – 63.46 and above the market at 77.80 – 78.00. The settlement was within the upper one half of today’s 143 point trading range (65.01 – 66.44).

Nov soybeans gapped 6¾ cents lower on last evening’s opening bell and never reached higher than 1037 en route to 12¾ cent loss on the day and a settlement at 1029¼. Gaps remain above the current market at 1037 – 1042 and 1057¼ – 1057½.

For tomorrow…

Dec picked up 26 points today to settle at 65.92. Gaps remain below the current market at 63.84 – 63.88 and 63.37 – 63.46 and above the market at 77.80 – 78.00. The settlement was near the upper end of today’s 90 point trading range (65.39 – 66.29).

Fundamentally, weather remains generally a bearish factor with precipitation occurring over large portions of the mid-western US. However, extremely hot temperatures over the southern US are likely not positive for late season soybean development.

For nex week…