Soybean Market Quiet Overnight, Fractionally Higher
BRUG - Wed Jul 10, 7:28AM CDT

Soybean futures are fractionally higher this morning after since rallying 6 1/2 to 7 1/2 cents on Tuesday. Nearby July soybean meal was up $3.70/ton, with soy oil 2 points higher. USDA will release their monthly WASDE report this Thursday, with the average trade estimate for 18/19 soybean carryout seen at 1.056 bbu a 14 mbu drop from June. New crop ending stocks are seen dropping 215 mbu to 830 mbu on lower production, as WAOB takes into account the low acreage number from the June 28 NASS report.

--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.