Soybeans

Soybean futures are currently 4 cents higher after being marginally to 1 1/2 cents lower on Tuesday. December meal was down $1.50/ton, with nearby bean oil 22 points higher. Rainfall covering most of Brazil put a little pressure on the market, giving moisture to the beans already in the ground. The USDA announced a private export sale of 130,000 MT of Soybeans to China for 17/18 delivery. The national average cash price was at $9.14 on Monday evening, as the national average basis was at -76 cents.




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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