November Soybeans finished down 15 at 1210 1/2, 23 off the high and 1/2 up from the low. January Soybeans closed down 14 at 1219 3/4. This was 1 1/4 up from the low and 22 1/4 off the high. December Soymeal closed down 5.2 at 317.0. This was 0.3 up from the low and 7.0 off the high. December Soybean Oil finished down 0.61 at 50.89, 0.93 off the high and 0.15 up from the low. Rumors that a large brokerage firm may need to exit long positions in grains, livestock and energy markets if the firm needs to be sold helped to keep pressure on the market late in the day with November soybeans closing near the lows despite a jump in equity and metal markets. The sharp break in the energy and equity markets early sparked a significant push lower. Long traders appear to be stepping aside due to more volatile trade in financial markets into the EU meetings on the debt crises and this has sparked fund trader selling in a wide range of industrial and agricultural commodity markets. Traders indicated good weather for the planting season in South America and concerns for slower than expected US soybean exports ahead as negative factors. Wet weather for the Eastern Corn Belt was seen as slowing the tail end of the harvest. December oil closed at the lowest level since October 10th.

Bron: CME