AgriCharts Market Commentary

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Soybean Market News and Commentary

Soybean futures saw gains of 4 to 4 3/4 cents in most front months on Thursday. Meal futures led the way, up $3.70/ton, with soy oil 17 points lower. USDA reported this morning that a total of 399,528 MT of 18/19 soybeans were sold for export in the week of 3/14. That was down 47.4% from the same week last year, with new crop shown at a net reduction of 64,446 MT (mostly to China). Old crop sales to China totaled 142,615, with 237,500 MT in reductions for unknown. Soybean meal sales were tallied at 97,396 MT, with soy oil 5,548 MT.

May 19 Soybeans closed at $9.10 1/2, up 4 1/2 cents,

Jul 19 Soybeans closed at $9.24 1/4, up 4 3/4 cents,

Aug 19 Soybeans closed at $9.30 1/4, up 4 1/4 cents,

Nov 19 Soybeans closed at $9.44 3/4, up 4 1/2 cents,

May 19 Soybean Meal closed at $315.30, up $3.70,

May 19 Soybean Oil closed at $29.10, down $0.17

--provided by Brugler Marketing & Management

Soybean Market News and Commentary

Soybean futures are trading with 2 to 3 cent gains in most contracts at midday. Meal futures are leading the way, up $2.40/ton, with soy oil 14 points lower. USDA reported this morning that a total of 399,528 MT of 18/19 soybeans were sold for export in the week of 3/14. That was down 47.4% from the same week last year, with new crop shown at a net reduction of 64,446 MT (mostly to China). Old crop sales to China totaled 142,615, with 237,500 MT in reductions for unknown. Soybean meal sales were tallied at 97,396 MT, with soy oil 5,548 MT.

May 19 Soybeans are at $9.08 3/4, up 2 3/4 cents,

Jul 19 Soybeans are at $9.22 1/4, up 2 3/4 cents,

Aug 19 Soybeans are at $9.28 3/4, up 2 3/4 cents,

Sep 19 Soybeans are at $9.33 3/4, up 3 cents,

May 19 Soybean Meal is at $314.00, up $2.40

May 19 Soybean Oil is at $29.13, down $0.14

--provided by Brugler Marketing & Management

Soybean Market News and Commentary

Soybean futures are fractionally higher this morning. They ended the Wednesday session with most contracts 2 to 3 cents higher. Meal futures were up 80 cents/ton, with soy oil 3 points higher. Strong Board profitability for hogs is supporting meal. Analysts are expecting 18/19 soybean export bookings of 0.6-1.6 MMT for the week of 3/14 in Thursday’s USDA Export Sales report. New crop sales are estimated at 0-150,000 MT. Soybean meal sales are seen at 150,000-400,000 MT, with soy oil at 8,000-30,000 MT. Brazil’s Ag Minister says she expects to head to China later this Spring to strengthen soybean trade.

--provided by Brugler Marketing & Management

Soybean Market News and Commentary

Soybean futures ended the Wednesday session with most contracts 2 to 3 cents higher. Meal futures were up 80 cents/ton, with soy oil 3 points higher. Strong Board profitability for hogs is supporting meal. Analysts are expecting 18/19 soybean export bookings of 0.6-1.6 MMT for the week of 3/14 in Thursday’s USDA Export Sales report. New crop sales are estimated at 0-150,000 MT. Soybean meal sales are seen at 150,000-400,000 MT, with soy oil at 8,000-30,000 MT. Brazil’s Ag Minister says she expects to head to China later this Spring to strengthen soybean trade.

May 19 Soybeans closed at $9.06, up 2 cents,

Jul 19 Soybeans closed at $9.19 1/2, up 2 cents,

Aug 19 Soybeans closed at $9.26, up 2 1/4 cents,

Nov 19 Soybeans closed at $9.40 1/4, up 2 cents,

May 19 Soybean Meal closed at $311.60, up $0.80,

May 19 Soybean Oil closed at $29.27, up $0.03

--provided by Brugler Marketing & Management

Soybean Market News and Commentary

Soybean futures are showing 1 to 2 cent gains in most contracts at midday on Wednesday. Meal futures are up 80 cents/ton, with soy oil UNCH. Strong Board profitability for hogs is supporting meal. Analysts are expecting 18/19 soybean export bookings of 0.6-1.6 MMT for the week of 3/14 in Thursday’s USDA Export Sales report. New crop sales are estimated at 0-150,000 MT. Soybean meal sales are seen at 150,000-400,000 MT, with soy oil at 8,000-30,000 MT. Brazil’s Ag Minister says she expects to head to China later this Spring to strengthen soybean trade.

May 19 Soybeans are at $9.05, up 1 cent,

Jul 19 Soybeans are at $9.18 3/4, up 1 1/4 cents,

Aug 19 Soybeans are at $9.25 1/4, up 1 1/2 cents,

Sep 19 Soybeans are at $9.30 1/4, up 1 1/2 cents,

May 19 Soybean Meal is at $311.60, up $0.80

May 19 Soybean Oil is at $29.24, unch,

--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