Soybeans Show Little Change on Monday
BRUG - Mon Sep 09, 5:02PM CDT

Soybeans futures were steady in the front 3 contracts, with most 19/20 contracts within a penny of unch. Soybean meal was up $1.30/ton, with soy oil 22 points lower. Crop Progress data showed 92% of the US soybean crop was setting pods as of Sunday compared to the 99% average. NASS also reported conditions nearly unch at 55% gd/ex, with the Brugler500 index rising 2 points to 350 on an improvement in the poorer rated crop areas. USDA tallied a total of 906,029 MT of soybeans exported in the week of 9/5, with 501,778 MT shipped after Sep 1. That was down 29.79% from the previous week and 2.3% lower than the same week last year. Of the total 408,772 MT was headed to China. The average trade guess for US soy production on Thursday is 3.577 billion bushels, as yield is seen down 1.3 from August to 47.2 bpa. Customs data from China shows imports of 9.45 MMT of soybeans during August, up 3.6% from last year and 12.26% larger than July.

SEP 19 Soybeans closed at $8.45, unch,

NOV 19 Soybeans closed at $8.57 3/4, unch,

JAN 19 Soybeans closed at $8.72, unch,

MAR 20 Soybeans closed at $8.85 3/4, down 1/4 cent,

SEP 19 Soybean Meal closed at $288.50, up $1.30,

SEP 19 Soybean Oil closed at $28.26, down $0.22

-- 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.