Soybeans Market Commentary

Soybean futures settled with losses of 2 to 3 cents in the front months to end the week that saw Nov up 2.02%. Soybean meal was down $5.50/ton on Friday, while soy oil was up 49 points. USDA reported a private export sale of 100,000 MT of soy meal to unknown for 18/19 delivery through their daily reporting system this morning. Weekly export sales data shows that soybeans export commitments (exports and unshipped sales) for 18/19 are down 7.2% from last year. Compared to the USDA export number, they are 32% complete, with last year running 34% at this time and the 5-year average at 42%. Spec traders in soybean futures and options added 1,544 contracts to their largest reported net short position since January 23 at 69,813 contracts. AgRural estimates that Brazil has 1.9% of their soybean area planted, vs. 0.3% for the 5-year average.

NOV 18 Soybeans closed at $8.47 1/4, down 3 cents,

JAN 19 Soybeans closed at $8.61 1/4, down 2 3/4 cents,

MAR 19 Soybeans closed at $8.74 1/4, down 2 3/4 cents,

MAY 19 Soybeans closed at $8.87 1/2, down 2 1/4 cents,

OCT 18 Soybean Meal closed at $305.90, down $5.50,

OCT 18 Soybean Oil closed at $28.09, up $0.49




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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.