« Return to Headlines

Soybeans Market Commentary
cmdty Insider - BRUG - Wed Nov 21, 11:43AM CST

Soybean futures are trading 4 to 5 cents in the green at midday. Front month soy meal is up a dime/ton, with soy oil 40 points higher. Trade estimates for Friday’s Export Sales report are showing a range of 550,000-850,000 MT for the week of Nov 15. There was more than 524,000 MT in sales reported through the USDA’s large daily reporting system in that week. Soy meal sales are seen at 200,000-500,000 MT, with soy oil at 5,000-25,000 MT. Chinese futures at Dalian posted new life of contract lows yesterday on indications of smaller hog production and reduced expansion plans due to ASF. They are seeing a slight bounce today. January soybeans at Dalian are down 19% from their high back in April despite less competition from the US. Private sources estimate that Brazilian planting is 80% complete.

Jan 19 Soybeans are at $8.85 1/4, up 4 1/4 cents,

Mar 19 Soybeans are at $8.99, up 4 1/2 cents,

May 19 Soybeans are at $9.12 1/4, up 4 1/2 cents,

Jul 19 Soybeans are at $9.24 1/2, up 4 1/2 cents,

Dec 18 Soybean Meal is at $307.20, up $0.10

Dec 18 Soybean Oil is at $27.74, up $0.40

--provided by Brugler Marketing & Management

« Return to Headlines

Not logged in - Login
Get real-time data

Font size:   A   A   A   A   •   Refresh:   On   Off

Last Update: 18:47:18 CST


Visit Our Main Website