Soybeans Market Commentary
cmdty Insider - BRUG - Wed Dec 05, 12:08PM CST

Soybean futures are mostly 2 to 3 1/4 cents in the green on Wednesday. Nearby soy meal is down 50 cents/ton, with soy oil 5 point higher. We will have USDA Export Sales data on Friday morning this week due to today’s National day of Mourning. The average trade estimate for US 18/19 soybean ending stocks in next week’s WASDE report calls for a 10 mbu reduction to 945 mbu according to a Reuters survey. That would be assuming an adjustment to the demand side, as USDA typically waits until January to make any moves to the production number.

Jan 19 Soybeans are at $9.15, up 3 1/4 cents,

Mar 19 Soybeans are at $9.27, up 3 1/4 cents,

May 19 Soybeans are at $9.39 3/4, up 2 3/4 cents,

Jul 19 Soybeans are at $9.51 1/2, up 2 3/4 cents,

Dec 18 Soybean Meal is at $312.20, down $0.50

Dec 18 Soybean Oil is at $28.69, up $0.05

--provided by Brugler Marketing & Management

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