Soybean Market News and Commentary

Soybean futures are trading 3 to 4 1/4 cents higher in the front months at midday. Meal futures are up $1.40/ton in the nearby contract, with soy oil 38 points higher. US soybean producers are projected to plant 84.263 million acres this spring according to an Allendale survey. USDA will release the annual Prospective Plantings report on March 29. Analysts expect USDA to show 1.2-1.9 MMT in 18/19 soybean export bookings for the week of 3/7, with 0-150,000 MT for 19/20. Soy meal is seen at 50,000-300,000 MT, with 5,000-20,000 MT for soy oil. This Friday’s NOPA crush report is expected to show February crush at 158.73 mbu, which would be a record for that month if realized.

Mar 19 Soybeans are at $8.89, up 4 1/4 cents,

May 19 Soybeans are at $9.00 1/2, up 3 1/2 cents,

Jul 19 Soybeans are at $9.14 1/2, up 3 1/2 cents,

Aug 19 Soybeans are at $9.20 3/4, up 3 3/4 cents,

Mar 19 Soybean Meal is at $299.70, up $1.40

Mar 19 Soybean Oil is at $29.78, up $0.38

--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

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.