Soybean Market News and Commentary
BRUG - Wed Mar 13, 7:29AM CDT

Soybean futures are currently 2 to 3 cents lower after ending Turnaround Tuesday with most contracts 6 to 7 cents higher. Meal futures were up $1.60/ton in the nearby contract, with soy oil 38 points higher. 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. 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. USDA is 116.5 MMT.

--provided by Brugler Marketing & Management




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