Soybeans Market News and Commentary

Soybean futures are trading 4 to 5 cents higher this morning. They saw most contracts fall 9 to 10 1/2 cents on Tuesday, despite a supportive NOPA report. Soymeal futures were down $2.50/ton, with soy oil 16 points lower. NOPA members a December record 171.759 mbu of soybeans, just shy of the second largest monthly total set back in March. That was 2.87% larger than November and 3.28% above December 2017, and outpaced expectations of 170.016 mbu. NOPA soybean oil stocks were 1.498 billion pounds, slightly above the month prior but down 1.33% from December 2017 and lighter than most trade guesses.

--provided by Brugler Marketing & Management




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