Soybean Market News and Commentary

Soybean futures are mostly 8 to 9 1/2 cents in the red at midday. Meal futures are down $2/ton in the nearby contract, with soy oil 19 points lower. The USDA reported a private export sale of 664,000 MT of soybeans to China for 18/19 delivery. The meeting between President Trump and President Xi or China, rumored for the end of March, will be later than that according to news reports. 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 was shown at a 10 mbu lower carryout for 18/19 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 are at $8.82 1/4, down 8 1/2 cents,

May 19 Soybeans are at $8.93 1/2, down 9 cents,

Jul 19 Soybeans are at $9.07 1/4, down 9 1/4 cents,

Aug 19 Soybeans are at $9.13 3/4, down 9 cents,

Mar 19 Soybean Meal is at $300.00, down $2.00

Mar 19 Soybean Oil is at $29.22, down $0.19

--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

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.