Soybeans Market Commentary

Soybean futures are 2 to 2 1/4 cents lower at midday, ignoring the expiring September contract. Soybean meal is down $4.60/ton to pressure product values, while soy oil is 1 point lower on the day. President Trump gave the go-ahead to follow through with the tariffs on $200 billion of Chinese goods, according to reports this morning. US soybean commitments for exports, are 30% of the projected 2.06 bbu from the USDA. That is even with this time in 17/18 but well below the 39% average pace for this week. Monday’s NOPA report is expected to seen 163,870 mbu of soybeans crushed during August. Soy oil stocks are seen at 1.762 billion pounds for the end of August. Safras & Mercado analysts estimated that Brazilian producers have sold 22.8% of 18/19 soybean production, well above this time last year.

Sep 18 Soybeans are at $8.22 3/4, down 6 1/4 cents,

Nov 18 Soybeans are at $8.31, down 2 1/4 cents,

Jan 19 Soybeans are at $8.44 3/4, down 2 1/4 cents,

Mar 19 Soybeans are at $8.57 1/2, down 2 1/4 cents,

Sep 18 Soybean Meal is at $311.30, down $4.40

Sep 18 Soybean Oil is at $27.44, down $0.19




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.