Soybean futures are currently 2 3/4 to 3 cents higher ahead of this morning’s USDA report. They ended Wednesday fractionally lower in the front months, with back months as much as a penny higher. Oct soy meal was down $1.30/ton, with nearby bean oil up 5 points. Soybean harvest in IA was 19% behind their 5-year average, at 26%, with NE harvesting just half of their typical amount for this week at 23% complete. Progress in the ECB was improving over the last week, with drier weather. Conditions in NE and MN were down 3 points, while IL was up 6 with IA 3 points higher in the Brugler500 Index. World ending stocks are projected to be slightly lower in Thursday’s WASDE report @ 97.2 MMT. Brazil’s 17/18 soybean crop is expected to drop to 109.8 MMT according to Celeres.

Market Commentary provided by:

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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at


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.