Soybean Market News and Commentary

Soybean futures are currently 1 to 1 1/2 cents lower after seeing gains of 4 to 4 3/4 cents in the front months on Thursday. Meal futures led the way, up $3.70/ton, with soy oil 17 points lower. USDA reported that 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. Old crop sales to China totaled 142,615, with 237,500 MT in reductions for unknown destinations. Soybean meal sales were tallied at 97,396 MT, with soy oil 5,548 MT. Both were in the middle of trade estimates from before the report.

--provided by Brugler Marketing & Management




Market Commentary provided by:

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