Soybeans Market Commentary

Soybean futures are mostly 2 to 3 1/4 cents in the green on Wednesday. Nearby soy meal is down 50 cents/ton, with soy oil 5 point higher. We will have USDA Export Sales data on Friday morning this week due to today’s National day of Mourning. The average trade estimate for US 18/19 soybean ending stocks in next week’s WASDE report calls for a 10 mbu reduction to 945 mbu according to a Reuters survey. That would be assuming an adjustment to the demand side, as USDA typically waits until January to make any moves to the production number.

Jan 19 Soybeans are at $9.15, up 3 1/4 cents,

Mar 19 Soybeans are at $9.27, up 3 1/4 cents,

May 19 Soybeans are at $9.39 3/4, up 2 3/4 cents,

Jul 19 Soybeans are at $9.51 1/2, up 2 3/4 cents,

Dec 18 Soybean Meal is at $312.20, down $0.50

Dec 18 Soybean Oil is at $28.69, up $0.05

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.