Soybean Market News and Commentary
BRUG - Tue Mar 19, 12:08PM CDT

Soybean futures are 3 to 4 cents lower in the front months at midday. Meal futures are up 20 cents/ton, with soy oil 25 points lower. Based on cmdtyView data, the national soybean index cash price is $8.16 3/4, down $1.27 1/2 from a year ago. The national basis is -86 cents, which is 8 cents weaker than the same time in 2018. Estimates for both Brazil and Argentina production were left UNCH by Dr. Michael Cordonnier at 113.5 MMT and 54 MMT respectively. Safras & Mercado expects Brazil’s exports in 2019 to be at 70 MMT, which would be down from the 83,86 MMT in 2018.

May 19 Soybeans are at $9.01 3/4, down 4 cents,

Jul 19 Soybeans are at $9.15 1/2, down 3 3/4 cents,

Aug 19 Soybeans are at $9.21 3/4, down 3 3/4 cents,

Sep 19 Soybeans are at $9.26 3/4, down 3 1/4 cents,

May 19 Soybean Meal is at $310.00, up $0.20

May 19 Soybean Oil is at $29.19, down $0.25

--provided by Brugler Marketing & Management




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