Soybean Market News and Commentary
BRUG - Thu Apr 11, 5:20PM CDT

Soybean futures ended the Thursday session with the nearby contracts 6 to 7 cents lower. Front month meal futures were down $2.90/ton and May soy oil down 9 points. This morning’s Export Sales report showed a weak sales total of 270,376 MT in the week that ended on 4/4, well below estimates. That was well below last week’s total and more than 5 times smaller than the same week last year. The top buyer was Indonesia at 73,700 MT, with China showing a net reduction of 1,108 MT. Export commitments for 18/19 are now down 17.1% from the same time last year. Total new crop sales were shown at 9,980 MT. Soy meal sales were tallied at 152,143 MT, with soy oil at 33,834 MT. Brazil’s soybean production for 18/19 was estimated at 113.82 MMT by CONAB this morning, a revision of 366,000 MT higher than their previous number and still well below USDA and most of the private estimates.

May 19 Soybeans closed at $8.95 1/4, down 6 3/4 cents,

Jul 19 Soybeans closed at $9.08 3/4, down 6 1/2 cents,

Aug 19 Soybeans closed at $9.14 1/2, down 6 1/2 cents,

Nov 19 Soybeans closed at $9.28 1/4, down 6 1/4 cents,

May 19 Soybean Meal closed at $307.20, down $2.90,

May 19 Soybean Oil closed at $28.98, down $0.09

--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.