Soybean Market News and Commentary

Soybean futures are showing 6 to 7 1/4 cent losses in most contracts at Friday’s midday. Meal futures are down 50 cents/ton, with soy oil 39 points lower. US soybean acres are estimated at 85.9 million acres according to a Farm Futures survey of producers. Export commitments for soybeans are down 17% from the same time last year. Compared to USDA’s projection they are 81% complete vs. the 92% average for this time of year.

May 19 Soybeans are at $9.04, down 6 1/2 cents,

Jul 19 Soybeans are at $9.17 1/2, down 6 3/4 cents,

Aug 19 Soybeans are at $9.23 1/2, down 6 3/4 cents,

Sep 19 Soybeans are at $9.28 1/2, down 6 3/4 cents,

May 19 Soybean Meal is at $314.80, down $0.50

May 19 Soybean Oil is at $28.71, down $0.39

--provided by Brugler Marketing & Management




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