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




Market Commentary provided by:

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