Soybeans Market Commentary
BRUG - Thu Dec 06, 12:08PM CST

Soybean futures are currently 2 to 3 1/2 cents lower on Thursday. They are well off their lows after nearly filling Monday’s gap. Nearby soy meal is down $1.20/ton, with soy oil 16 points lower. October exports of soybeans were reported at 5.58 million metric tonnes (205.04 mbu) by Census this morning. That was 72.37% larger than September but down 42.15% from last year. They also reported soybean meal exports of 1.004 MMT for October, a record for that month. Stats Canada released production estimates this morning, with 18/19 canola production seen at 20.343 MMT, down 4.62% from last year. Canadian soybean production is estimated at 7.267 MMT, 5.84% lower than last year.

Jan 19 Soybeans are at $9.10 1/2, down 3 cents,

Mar 19 Soybeans are at $9.22 3/4, down 2 3/4 cents,

May 19 Soybeans are at $9.35 3/4, down 2 1/2 cents,

Jul 19 Soybeans are at $9.47 1/4, down 3 cents,

Dec 18 Soybean Meal is at $310.70, down $1.20

Dec 18 Soybean Oil is at $28.41, down $0.16

--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.