Soybean futures are trading 2 cents either side of UNCH here on Friday. December meal is up $2/ton, with nearby bean oil down 20 points. The market will also close early, with full size contracts ending at 12:05 PM CST and minis 15 minutes later. The USDA reported 869,086 MT in 17/18 export sales for last week, falling well shy of analysts' range of expectations. China was the buyer of nearly 407,100 MT, as 326,000 MT was switched from Unknown Destinations. There was also 34,500 MT in 18/19 sales. Soy meal sales of 379,809 MT were indicated, exceeding estimates. Sales of Soy oil totaled 4,177 MT for the week of 11/16. Brazil's soybean production number was left unchanged at 111 MMT for 17/18 according to AgroConsult. China brought in 5.856 MMT in soybeans during October, with 1.325 MMT from the US and 3.376 MMT from Brazil.

Jan 18 Soybeans are at $9.98 3/4, up 1 1/2 cents,

Mar 18 Soybeans are at $10.10, up 1 1/2 cents,

May 18 Soybeans are at $10.19 3/4, up 1 1/2 cents,

Jul 18 Soybeans are at $10.27 1/2, up 1 1/4 cents,

Dec 17 Soybean Meal is at $326.40, up $2.00,

Dec 17 Soybean Oil is at $33.85, down $0.20

Market Commentary provided by:

Brugler Marketing & Management LLC
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