Soybeans Market Commentary

Soybean futures are currently 4 to 5 cents in the red at midday. Soybean meal is down $4.70/ton, while soy oil is up 29 points. USDA reported a private export sale of 100,000 MT of soy meal to unknown for 18/19 delivery through their daily reporting system this morning. Weekly export sales data shows that soybeans export commitments (exports and unshipped sales) for 18/19 are down 7.2% from last year. Compared to the USDA export number, they are 32% complete, with last year running 34% at this time and the 5-year average at 42%.

NOV 18 Soybeans are at $8.45 1/4, down 5 cents,

JAN 19 Soybeans are at $8.59, down 5 cents,

MAR 19 Soybeans are at $8.72 1/4, down 4 3/4 cents,

MAY 19 Soybeans are at $8.85 1/2, down 4 1/4 cents,

OCT 18 Soybean Meal is at $306.70, down $4.70,

OCT 18 Soybean Oil is at $27.89, up $0.29

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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