Soybean Market News and Commentary

Soybean futures are trading 6 to 7 cents higher in most front months at midday, following the rest of the grain complex. Meal futures are up $1.20/ton in the nearby contract, with soy oil 25 points higher. IEG Vantage cut their 2019 US soybean acreage estimate by 550,000 acres to 85.494 million acres. CONAB revised their 18/19 soybean crop projection to 113.459 MMT, down 1.884 MMT from their previous number. AgRural raised their estimate slightly to 112.9 MMT.

Mar 19 Soybeans are at $8.80 3/4, up 3 cents,

May 19 Soybeans are at $8.97, up 7 cents,

Jul 19 Soybeans are at $9.10 3/4, up 6 3/4 cents,

Aug 19 Soybeans are at $9.16 1/4, up 6 cents,

Mar 19 Soybean Meal is at $297.90, up $1.20

Mar 19 Soybean Oil is at $29.65, up $0.25

--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

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