Soybean Market News and Commentary
BRUG - Wed Mar 13, 12:16PM CDT

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




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