A late session selling program pushed soybeans to minus 4 1/4 to 5 1/4 cents on the day. Jan contracts closed 28 3/4 cents below last Friday. Soybean meal futures closed the session $4.00 to $4.50 lower. Soy oil futures went the other way, up 51 to 68 points for the day (but Jan contracts were still down half a percent on the week). Official Census soybean exports for October were a record 420.34 mbu. Soymeal exports were 995,532 MT. BO shipments in October were 83,483 MT. The weekly Commitment of Traders report showed long liquidation reduced the soybean spec trader net long 9,127 contracts to 194,683. Soymeal specs were reported 71,120 contracts net long which was down 749. Managed money also trimmed their BO net long 825 contracts to 60,460.
| Jan 21 Soybeans closed at $11.63, down 5 1/4 cents, |
| Mar 21 Soybeans closed at $11.65, down 5 1/4 cents, |
| May 21 Soybeans closed at $11.63 3/4, down 4 1/2 cents, |
| Jul 21 Soybeans closed at $11.60 3/4, down 4 1/4 cents, |
| Jan 21 Soybean Meal closed at $385.50, down $4.50 |
| Jan 21 Soybean Oil closed at $38.41, up $0.68 |
--- provided by Brugler Marketing & Management
<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing & Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p>
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