Soybean Market News and Commentary

Soybean futures are mostly 4 to 5 cents higher this morning. They posted losses of 10 to 13 cents on Thursday, driven by a disappointing Export Sales report. Meal futures were down $4.60/ton in the nearby contract, with soy oil 10 points lower. The Export Sales report indicated net reductions of 612,014 MT during the week of January 3. That was mainly due to net cancellations of 807,000 MT for China. The November 2019 contract’s average close in the first 13 days of February is $9.56 3/4. The full month average will be used to calculate the Spring Crop Insurance pricing for this year’s crop, compared to $10.16 last Spring. US acreage estimates from IEG Vantage were trimmed by 160,000 acres to 86.044 million. The Rosario Gran Exchange raised their 18/19 Argentine soybean output estimate by 2 MMT to 52 MMT.

--provided by Brugler Marketing & Management




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.