Soybeans Market Commentary

Soybean futures closed the Wednesday session with most nearby contracts 5 to 5 1/4 cents higher. Nov expired at $8.70 1/2, up 3 1/4 cents. Front month soy meal was up $1.80/ton, with soy oil 2 points higher. USDA reported a private export sale of 148,000 MT of 18/19 soybeans to unknown destinations this morning. That is the second sale in as many days for a combined 424,732 MT. In Tuesday afternoon’s Crop Progress report indicated just 2 (IL & NC) of the 18 reported states above the normal harvest pace. NOPA data for October will be released on Thursday morning.

Nov 18 Soybeans closed at $8.70 1/2, up 3 1/4 cents,

Jan 19 Soybeans closed at $8.83 1/2, up 5 1/4 cents,

Mar 19 Soybeans closed at $8.96 3/4, up 5 cents,

Jul 19 Soybeans closed at $9.23 1/4, up 5 1/4 cents,

Dec 18 Soybean Meal closed at $305.70, up $1.80,

Dec 18 Soybean Oil closed at $27.57, up $0.02

--provided by Brugler Marketing & Management




Market Commentary provided by:

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