- The week has come to a close with CBOT markets all closing lower, sharply so for soybeans and meal – at last say some! Front month (Jan ’14) soybeans are back below $13/bu and Dec ’13 soybean meal back below last Friday’s closing prices. Dec corn saw its fourth consecutive lower close, again closing below last Friday’s level. Dec ’13 wheat again closed lower reaching levels not seen since mid-September.
- US weekly export sales were reported as follows:
Wheat; 288,800 mt which was below estimates of 350,000-550,000 mt.
Corn: 1,202,800 mt which was above estimates of 800,000-1,000,000 mt.
Soybeans; 909,100 mt which was within estimates of 900,000-1,200,000 mt.
Soybean meal; 283,200 mt which was within estimates of 200,000-350,000 mt.
Soybean oil; 7.200 mt which was below estimates of 25,000-50,000 mt.
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Weekly Update 15 November 2013
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