Soybeans Market News and Commentary
BRUG - Tue Jan 08, 7:30AM CST

Soybean futures are fractionally higher this morning. They closed Monday with most contracts 2 to 3 cents in positive territory. Deliveries against January soybean futures are still going strong in a game of ‘hot potato’. There were 1,152 contracts put out on Monday night. Soymeal was up $3.10/ton yesterday, with soy oil 4 points lower. Both Sinograin and COFCO are actively shopping for US soybeans. The private firms on the other hand are still hamstrung by the 25% tariff and are buying token amounts of South American product. Weekly USDA soybean export inspections totaled 673,172 MT. That was down 10.98% from the previous week and 44.58% below the same holiday week in 2018. The Netherlands led the way with 138,531 MT shipped. A load of 74,166 MT out of the Pacific was also headed to China. US and Chinese negotiators will conclude talks in Beijing today.

--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.