Soybeans Reestablished after Midday Lows
BRUG - Thu Nov 14, 4:51PM CST

Nov bean futures expired at $9.0025 per bushel. Nearby contracts, that are still in play, made gains of 1 to 1/2 cents. Soybean meal finished Thursday’s session with a $1.00/ton loss. Soybean oil gained 25 points on the day. The NOPA Oilseed Crush Report will be released tomorrow, and analysts are expecting the October soybean crush to be 166.8 mbu. September crush was 10 mbu below trade projections at 152.566. The USDA reported a private sale of 129,000 MT of soybeans to China for 19/20 delivery this morning. The trade is expecting USDA to show .08-1.4 MMT in soybean export bookings for the week of 11/7. Jan Soybean meal futures on the Dalian commodities exchange were up .42% on the day with 1.454 million in open interest.

NOV 19 Soybeans closed at $9.00 1/4, down 2 1/4 cents,

JAN 19 Soybeans closed at $9.16 3/4, up 1 1/2 cents,

MAR 20 Soybeans closed at $9.29 1/2, up 1 cent,

MAY 20 Soybeans closed at $9.41 1/4, up 1/2 cent,

DEC 19 Soybean Meal closed at $303.10, down $1.00,

DEC 19 Soybean Oil closed at $30.78, up $0.25

--- provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.