AgriCharts Market Commentary

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Soybeans Market News and Commentary

Soybean futures saw most contracts fall 9 to 10 1/2 cents on Tuesday, despite a supportive NOPA report. Soymeal futures were down $2.50/ton, with soy oil 16 points lower. This morning’s monthly NOPA report indicated its members crushed a December record 171.759 mbu of soybeans, just shy of the second largest monthly total set back in March. That was 2.87% larger than November and 3.28% above December 2017, as it outpaced expectations of 170.016 mbu. Soybean oil stocks were at 1.498 billion pounds, slightly above the month prior but down 1.33% from December 2017 and lighter than most trade guesses.

Mar 19 Soybeans closed at $8.93 1/4, down 10 1/4 cents,

May 19 Soybeans closed at $9.06 3/4, down 10 1/2 cents,

Jul 19 Soybeans closed at $9.19 3/4, down 10 1/4 cents,

Sep 19 Soybeans closed at $9.28 3/4, down 9 3/4 cents,

Mar 19 Soybean Meal closed at $309.30, down $2.50,

Mar 19 Soybean Oil closed at $28.24, down $0.16

--provided by Brugler Marketing & Management

Soybeans Market News and Commentary

Soybean futures are showing 9 to 10 cents losses in the front months at midday, despite a supportive NOPA report. Soymeal futures are down $2.40/ton, with soy oil 8 points lower. This morning’s monthly NOPA report indicated its members crushed a December record 171.759 mbu of soybeans, just shy of the second largest monthly total set back in March. That was 2.87% larger than November and 3.28% above December 2017, as it outpaced expectations of 170.016 mbu. Soybean oil stocks were at 1.498 billion pounds, slightly above the month prior but down 1.33% from December 2017 and lighter than most trade guesses.

Mar 19 Soybeans are at $8.93 3/4, down 9 3/4 cents,

May 19 Soybeans are at $9.07 1/4, down 10 cents,

Jul 19 Soybeans are at $9.20 1/4, down 9 3/4 cents,

Aug 19 Soybeans are at $9.25 3/4, down 9 1/2 cents,

Mar 19 Soybean Meal is at $309.40, down $2.40

Mar 19 Soybean Oil is at $28.32, down $0.08

--provided by Brugler Marketing & Management

Soybeans Market News and Commentary

Soybean futures are fractionally higher to begin this Tuesday. They settled with 5 to 6 1/2 cent losses on Monday, with January futures expiring at $9.03 1/2. Soymeal futures were down $2.80/ton, with soy oil 1 point lower. Soybeans shipments for the week of Jan 10 were better than trade estimates at 1.085 MMT. That was 59.12% larger wk/wk but down 12.83% from the first full week last year. There was a cargo of 68,052 MT headed to China out of the Gulf. Analysts are expecting NOPA to show December soy crush of 170.016 mbu. That would be the third largest monthly NOPA crush number on record if realized. Chinese soybean imports during December totaled 5.72 MMT (smallest December since 2011), with full year 2018 imports at 88.03 MMT according to customs data. That was down 7.9% from 2017 imports due to efforts to reduce meal consumption and the self-inflicted high prices caused by the 25% Chinese tariff on soybean imports from the US.

--provided by Brugler Marketing & Management

Soybeans Market News and Commentary

Soybean futures settled with 5 to 6 1/2 cent losses on Monday, with January futures expiring at $9.03 1/2. Soymeal futures were down $2.80/ton, with soy oil 1 point lower. Soybeans shipments for the week of Jan 10 were better than trade estimates at 1.085 MMT. That was 59.12% larger wk/wk but down 12.83% from the first full week last year. There was a cargo of 68,052 MT headed to China out of the Gulf. Analysts are expecting NOPA to show 170.016 mbu of soybeans crushed by its members during December. That would be the third largest monthly NOPA crush number on record if realized. Chinese imports of soybeans during December totaled 5.72 MMT (smallest December since 2011), with full year 2018 imports at 88.03 MMT according to customs data. That was down 7.9% from 2017 imports due to efforts to reduce meal consumption and the high prices caused by the 25% Chinese tariff on soybean imports from the US.

Mar 19 Soybeans closed at $9.03 1/2, down 6 3/4 cents,

May 19 Soybeans closed at $9.17 1/4, down 6 1/2 cents,

Jul 19 Soybeans closed at $9.30, down 6 1/4 cents,

Sep 19 Soybeans closed at $9.38 1/2, down 5 3/4 cents,

Mar 19 Soybean Meal closed at $311.80, down $2.80,

Mar 19 Soybean Oil closed at $28.40, down $0.01

--provided by Brugler Marketing & Management

Soybeans Market News and Commentary

Soybean futures are posting 8 to 8 1/2 cent losses in the nearby contracts on Monday. January futures expire today. Soymeal futures is down $3.40/ton, with soy oil supporting the product values, up 23 points. Soybeans shipments for the week of Jan 10 were better than trade estimates at 1.085 MMT. That was 59.12% larger wk/wk but down 12.83% from the first full week last year. There was a cargo of 68,052 MT headed to China out of the Gulf. Analysts are expecting NOPA to show 170.016 mbu of soybeans crushed by its members during December. That would be the third largest monthly NOPA crush number on record if realized. Chinese imports of soybeans during December totaled 5.72 MMT, with full year 2018 imports at 88.03 MMT according to customs data. That was down 7.9% from 2017 imports.

Jan 19 Soybeans are at $8.91, down 8 1/4 cents,

Mar 19 Soybeans are at $9.01 3/4, down 8 1/2 cents,

May 19 Soybeans are at $9.15 1/2, down 8 1/4 cents,

Jul 19 Soybeans are at $9.28 1/4, down 8 cents,

Jan 19 Soybean Meal is at $307.00, down $3.40

Jan 19 Soybean Oil is at $28.17, up $0.23

--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