Soybean Market News and Commentary
BRUG - Mon Mar 11, 12:15PM CDT

Soybean futures are down 2 to 3 3/4 cents at midday. Meal futures are $2.30/ton lower in the nearby contract, with soy oil up 1 points. The USDA reported another private export sale of 926,000 MT of soybeans to China for 18/19 delivery on Friday. This was likely part of the rumored 2 MMT from a week ago, and thus didn’t get the bulls fired up. The Export Inspections report, scheduled for this morning, has been delayed due to technical difficulties at USDA. CONAB will release their monthly Brazil production update on Tuesday, with USDA trimming their projection to 116.5 MMT on Friday. Safras & Mercado estimates the Brazil soybean harvest was 52.1% complete as of March 8, compared to the 46.4% average.

Mar 19 Soybeans are at $8.80, down 3 3/4 cents,

May 19 Soybeans are at $8.92 1/2, down 3 1/4 cents,

Jul 19 Soybeans are at $9.06 1/2, down 3 1/4 cents,

Aug 19 Soybeans are at $9.12 3/4, down 3 1/4 cents,

Mar 19 Soybean Meal is at $296.80, down $2.30

Mar 19 Soybean Oil is at $29.50, up $0.11

--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.