Soybean Market News and Commentary

Soybean futures are trading 2 to 3 cents higher in most front months on Tuesday. Nearby meal futures are up 80 cents/ton, with soy oil 23 points in positive territory. USDA trimmed their US soybean carryout projection by 5 mbu in the WASDE release this morning, now at 895 mbu. That came from lower imports and higher seed usage. Their Brazil production estimate was raised by 0.5 MMT to 117 MMT on a higher average yield, as they left Argentine output UNCH @ 55 MMT. World ending stocks were raised slightly to 107.36 MMT, reflecting the increase to the South American production.

May 19 Soybeans are at $9.01 1/2, up 2 3/4 cents,

Jul 19 Soybeans are at $9.14 1/4, up 2 1/2 cents,

Aug 19 Soybeans are at $9.20, up 2 3/4 cents,

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

May 19 Soybean Meal is at $310.00, up $0.80

May 19 Soybean Oil is at $29.11, up $0.23

--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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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.