Soybeans

Soybean futures are mostly 3 to 3 3/4 cents higher on Wednesday. Meal futures are up 80 cents/ton. Soy oil is seeing 35 point gains in the front month. USDA’s Fats & Oils report was expected to show November crush of about 174 million bushels. The trade guess was very close, with the actual number at 173.33 million bushels. Soy oil stocks on November 30 were 1.379 billion pounds. Argentine planting continues to lag in BA and La Pampa due to dry soils and high temps. Argentina has begun the phased unwinding of their soybean export tariff announced back in 2016. Brazil’s exports of soybeans during December totaled 2.36 MMT according to their Trade Ministry. That is slightly higher than November and nearly 4 times larger than the same month in 2016.

Jan 18 Soybeans are at $9.58 3/4, up 3 3/4 cents,

Mar 18 Soybeans are at $9.67 3/4, up 3 cents,

May 18 Soybeans are at $9.78 3/4, up 3 cents,

Jul 18 Soybeans are at $9.89, up 3 cents,

Jan 18 Soybean Meal is at $314.30, up $0.80

Jan 18 Soybean Oil is at $33.73, up $0.35




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.