Soybeans up 5 to 6 Cents To Start Thursday
BRUG - Thu May 16, 7:27AM CDT

Soybean futures are mostly 6 cents per bushel higher this morning ahead of the Export Sales report. They ended the Wednesday session with most contracts 3 to 4 cents higher. Short covering continued, with preliminary open interest down 6,268 contracts. July soy meal was up $1.80/ton, with soybean oil 24 points higher. The NOPA report showed 159.99 mbu of soybeans were crushed by NOPA members in April. That was down 0.7% from April 2018. Soybean oil stocks were slightly higher than the average trade guess at 1.787 billion pounds. Analysts expect the USDA Export Sales report this morning to show 100,000-400,000 MT of old crop beans booked, with 200,000-600,000 MT for new crop sales. Soymeal is seen at 125,000-400,000 MT, with Soy oil at 5,000-25,000 MT. --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.