Soybeans

Soybean futures are trading 4 to 5 cents in the green, following Thursday’s losses. December meal is up $2.80/ton, with nearby bean oil down 15 points. The USDA raised the average farm price for soybeans 10 cents to $8.45 - $10.15, with the midpoint @ $9.30. Carryover from 16/17 was increased 1.42 MMT in yesterday’s USDA report, causing 17/18 ending stock to bump higher. The USDA reported 2.52 MMT of soybean exports during the week of 11/2. That was 6.2% lower than last week and down 14.1% from this week a year ago. Soybean export commitments so far this year are now lagging last year by 12.9%, losing ground since last week on fewer sales and shipments.

Nov 17 Soybeans are at $9.79 3/4, up 4 1/2 cents,

Jan 18 Soybeans are at $9.89, up 4 cents,

Mar 18 Soybeans are at $10.00, up 4 cents,

May 18 Soybeans are at $10.09 1/4, up 4 1/4 cents,

Dec 17 Soybean Meal is at $314.60, up $2.80

Dec 17 Soybean Oil is at $34.99, down $0.15




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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


 

Did June and July leave you with painful grain marketing memories?
Contact Brugler TODAY to discover which of our services is the right prescription for you!
Request product samples and a quick tour of our services here.

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.