Soybean Market News and Commentary
BRUG - Fri Mar 08, 5:15PM CST

Soybean futures posted losses of 6 to 7 cents in the front months on Friday, with May losing 1.73% this week. Meal futures were down $2.90/ton in the nearby contract, with soy oil 2 points lower. The USDA reported a private export sale of 664,000 MT of soybeans to China for 18/19 delivery. China hiked projected full year soy imports to 85 MMT from 83.65 MMT, citing lower canola imports. USDA is at 88 MMT. The US S&D table had a 10 mbu lower carryout for 2018/19 of 900 mbu this morning, as crush was raised by that same number. World ending stocks were up 0.45 MMT to 107.17 MMT, with Chinese crush down 1 MMT. Brazilian production was trimmed by 0.5 MMT to 116.5 MMT.

Mar 19 Soybeans closed at $8.83 3/4, down 7 cents,

May 19 Soybeans closed at $8.95 3/4, down 6 3/4 cents,

Jul 19 Soybeans closed at $9.09 3/4, down 6 3/4 cents,

Sep 19 Soybeans closed at $9.21, down 6 1/4 cents,

Mar 19 Soybean Meal closed at $299.10, down $2.90,

Mar 19 Soybean Oil closed at $29.39, down $0.02

--provided by Brugler Marketing & Management

Market Commentary provided by:

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