Beans Close Higher on Intraday Turnaround

Soybeans futures were gearing up for a Turnaround Tuesday drop, but the trade (or spec funds) ultimately had a different idea. Front month futures were up 2 to 4 cents in the front months on the day. Soybean meal came to the rescue later in the session with Dec up $4.60/ton. Bean oil was down 26 points at the close. Wednesday will be the last full day of trading for the week, as the market is closed on Thursday for both day and evening sessions, and will close early on Friday.

JAN 21 Soybeans closed at $11.94, up 2 1/2 cents,
MAR 21 Soybeans closed at $11.96, up 3 1/2 cents,
MAY 21 Soybeans closed at $11.94 1/2, up 3 1/2 cents,
JUL 21 Soybeans closed at $11.90 1/4, up 4 cents,
DEC 20 Soybean Meal closed at $399.50, up $4.60,
DEC 20 Soybean Oil closed at $38.29, down $0.26

--- provided by Brugler Marketing & Management




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