Soybean Market News and Commentary

Soybean futures are mostly 2 cents per bushel lower this morning. They ended the Wednesday session with most contracts 3 to 4 1/4 cents higher. Meal futures were up $1.90/ton in the nearby contract, with soy oil down 9 points. March futures expire today. US soybean producers are projected to plant 84.263 million acres this spring according to an Allendale brokerage survey. USDA will release the annual Prospective Plantings report on March 29. Analysts expect USDA to show 1.2-1.9 MMT in 2018/19 soybean export bookings for the week of 3/7, with 0-150,000 MT for 19/20. Soy meal sales are seen at 50,000-300,000 MT, with 5,000-20,000 MT for soy oil.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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