Soybeans Market Commentary

Soybean futures saw losses of 5 to 7 cents in the front months on Tuesday. Nearby soy meal was down 70 cents/ton, while soy oil was down 36 points. Export inspections of soybeans during the week of 10/4 were 569,776 MT. That was just 38.22% of the same week last year and down 9.6% from the previous week. NASS showed that 91% of the US soy crop had leaves dropping (85% avg), with the harvest now lagging the average pace of 36% at 32% complete through Sunday. Condition ratings were steady at 68% gd/ex and 374 on the Brugler500 Index. Brazil’s Abiove expects the 18/19 soybean crop to be 119.5 MMT, with 2018 exports seen at 77 MMT and crush at 43.6 MMT. These are some of the lowest numbers we have seen recently for Brazil. CONAB will update their numbers on Thursday morning.

NOV 18 Soybeans closed at $8.63, down 6 3/4 cents,

JAN 19 Soybeans closed at $8.76 3/4, down 6 1/4 cents,

MAR 19 Soybeans closed at $8.89 1/4, down 5 1/2 cents,

MAY 19 Soybeans closed at $9.02 1/2, down 5 1/4 cents,

OCT 18 Soybean Meal closed at $313.50, down $0.70,

OCT 18 Soybean Oil closed at $28.97, down $0.36

--provided by Brugler Marketing & Management (402) 289-2330




Market Commentary provided by:

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