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

Market Commentary provided by:

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