Soybean Market News and Commentary
BRUG - Wed Feb 06, 12:17PM CST

Soybean futures are trading fractionally to 1 3/4 cents higher on Wednesday. Meal futures are down 60 cents/ton, with soy oil 38 points higher to carry the product values. USDA reported another round of private export sales of 523,000 MT (18/19) and 63,000 MT (19/20) of soybeans to China. There was also 182,000 MT reported for 18/19 delivery to unknown. Total daily sales since the announcement of China offering to purchase 5 MMT are at 3.8 MMT to China and another 456,000 MT to “unknown.” Census trade data from November was released on Wednesday morning, with soybean shipments at 5.067 MMT (186.18 mbu). That was down 9.2% from last year and well below a year ago.

Mar 19 Soybeans are at $9.20 3/4, up 1/2 cent,

May 19 Soybeans are at $9.34 3/4, up 1/2 cent,

Jul 19 Soybeans are at $9.48 1/4, up 3/4 cent,

Aug 19 Soybeans are at $9.53 1/2, up 1 cent,

Mar 19 Soybean Meal is at $308.90, down $0.60

Mar 19 Soybean Oil is at $30.76, up $0.38

--provided by Brugler Marketing & Management

Market Commentary provided by:

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