Soybean Market News and Commentary
BRUG - Tue Feb 12, 12:14PM CST

Soybean futures are showing 11 to 12 cent gains in most contracts at midday. Hopes of progress in this week’s US/China meeting in Beijing are helping the market. Meal futures are up $3.40/ton in the nearby contracts, with soy oil 13 points higher. Brazil’s estimated 18/19 soybean production is now at 115.34 MMT according to CONAB. That was down 3.46 MMT from the prior projection and is 1.66 MMT below the current USDA forecast. They also trimmed projected exports in the 18/19 MY by 3.5 MMT to 71.5 MMT.

Mar 19 Soybeans are at $9.17, up 12 cents,

May 19 Soybeans are at $9.31, up 11 3/4 cents,

Jul 19 Soybeans are at $9.44 1/2, up 11 1/2 cents,

Aug 19 Soybeans are at $9.50, up 11 1/2 cents,

Mar 19 Soybean Meal is at $308.30, up $3.40

Mar 19 Soybean Oil is at $30.37, up $0.13

--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.