Soybeans Market Commentary

Soybean futures are mostly 3-4 cents lower at midday, with Sep higher on thin trade ahead of Friday’s expiration. Soymeal is down $1.70/ton, with soy oil UNCH. Private export sales reported by the USDA this morning saw 108,010 MT to Mexico (18/19), with 40,000 MT (18/19) and 80,000 MT (19/20) to Unknown. FAS showed that 693,453 MT of 18/19 soybeans were sold for export in the week that ended on September 6. There was also 2.430 MMT carried over from leftover 17/18 sales. Soymeal export sales in that week totaled 233,194 MT, with soy oil at 5,176 MT. The USDA cut their national average can price projection for soybeans another 30 cents on Wednesday to $7.35-$9.85, with an $8.60 mid-point.

Sep 18 Soybeans are at $8.31 3/4, up 2 3/4 cents,

Nov 18 Soybeans are at $8.36 1/4, down 3 3/4 cents,

Jan 19 Soybeans are at $8.50, down 3 1/2 cents,

Mar 19 Soybeans are at $8.62 3/4, down 3 1/4 cents,

Sep 18 Soybean Meal is at $314.00, down $1.70

Sep 18 Soybean Oil is at $27.63, unch,




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.