Soybeans Market News and Commentary

Soybean futures saw fractional to 1 1/4 cent gains in most contracts on Wednesday. Soymeal futures were up 80 cents/ton, with soy oil 1 point lower. Lack of Chinese demand is not only being felt due to the trade war, but also with the country’s lower hog numbers due to ASF. USDA Sec. Perdue announced several FSA offices will be open Thursday, Friday, and next Tuesday for assistance with “loans and other limited services.” Celeres is the latest Brazilian firm to cut their country’s soybean production estimate, down 4.9 MMT to 117.2 MMT.

Mar 19 Soybeans closed at $8.94 1/2, up 1 1/4 cents,

May 19 Soybeans closed at $9.08, up 1 1/4 cents,

Jul 19 Soybeans closed at $9.20 3/4, up 1 cent,

Sep 19 Soybeans closed at $9.29 1/2, up 3/4 cent,

Mar 19 Soybean Meal closed at $310.10, up $0.80,

Mar 19 Soybean Oil closed at $28.23, down $0.01

--provided by Brugler Marketing & Management

Market Commentary provided by:

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