Soybeans Market Commentary
cmdty Insider - BRUG - Tue Dec 04, 5:02PM CST

Soybean futures ended Tuesday with most contracts 5 to 6 1/4 cents higher, following through after Monday’s gains. Nearby soy meal was up 60 cents/ton, with soy oil 33 points in the green. Brazil’s soybean exports during November totaled 5.072 MMT, according to the country’s Trade Ministry. That was more than double the same month last year but was down 5.27% from October. Celeres estimates Brazil’s 2018/19 soybean crop could range 123-130 MMT. Brazil exports for 2019 are projected at 77-82 MMT.

Jan 19 Soybeans closed at $9.11 3/4, up 6 cents,

Mar 19 Soybeans closed at $9.23 3/4, up 6 cents,

May 19 Soybeans closed at $9.37, up 6 1/4 cents,

Aug 19 Soybeans closed at $9.52 3/4, up 5 3/4 cents,

Dec 18 Soybean Meal closed at $312.70, up $0.60,

Dec 18 Soybean Oil closed at $28.64, up $0.33

--provided by Brugler Marketing & Management

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