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Soybean Oil Futures PricesWednesday, May 23rd, 2012Current Prices | End-of-Day Prices | Options Quotes | Spread Quotes | Profile
Soybeans came back from earlier losses to close 19 to 24 cents lower. Old crop prices were lower again today but still above the 100 day moving average. The chance of rain in the forecast eased concerns about uneven emergence and bean seeds laying in dry dirt. Outside markets were also an influence on the sell off along with the rising dollar. The aggressive Chinese import campaign is having the desired effect on their domestic prices, but also may be slowing current export purchases. Trade ideas for weekly export sales are in the 1.0-1.3 MMT range. Jul 12 Soybeans closed at $13.62 1/2, down 19 3/4 cents,
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