Soybeans Market News and Commentary

Soybean futures are posting 16 to 18 cent losses in the front months on Thursday. Soymeal futures are down $5.30/ton, with soy oil 28 points lower. CONAB put out their updated 18/19 Brazil soybean estimates this morning at 118.8 MMT vs. 120.07 MMT last month. That was not as low as other firms have gone. They also pegged 18/19 exports at 75 MMT, UNCH from last month but down 8.865 MMT from 17/18. Agroconsult also released updated numbers, down 5.2 MMT from last month at 117.6 MMT.

Jan 19 Soybeans are at $8.95 1/4, down 16 1/4 cents,

Mar 19 Soybeans are at $9.06, down 18 cents,

May 19 Soybeans are at $9.19 1/4, down 18 cents,

Jul 19 Soybeans are at $9.31 1/2, down 17 1/2 cents,

Jan 19 Soybean Meal is at $313.70, down $5.30

Jan 19 Soybean Oil is at $28.04, down $0.28

--provided by Brugler Marketing & Management




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