Soybean futures saw most contracts 5 to 6 1/4 cents lower on forecasts for increased chances of rains in Argentina. Meal futures were down $2.60/ton, with nearby soy oil 39 points in the red. The USDA reported a private export sale of 108,860 MT of 17/18 soybeans to Mexico this morning. Monday’s Stats Canada report is expected to show 14.3 MMT in canola stocks on Dec 31, 6.84% larger than a year ago. Brazil’s January soybean exports totaled 1.564 MMT, which was 71.48% larger than last year but down nearly 33.7% from December, according to the country’s ag ministry. On Friday, AgRural raised their 17/18 Brazil production estimate to 116.2 MMT, with Informa projecting 112.5 MMT. Safras & Mercado estimates that 5.69% of the country’s soybeans have been harvested, lagging the average of 7.6% and last year’s 10.1%.

Mar 18 Soybeans closed at $9.78 3/4, down 6 1/4 cents,

May 18 Soybeans closed at $9.90 1/4, down 6 1/4 cents,

Jul 18 Soybeans closed at $9.99 3/4, down 6 1/4 cents,

Sep 18 Soybeans closed at $9.97 3/4, down 5 3/4 cents,

Mar 18 Soybean Meal closed at $331.40, down $2.60,

Mar 18 Soybean Oil closed at $32.51, down $0.39

Market Commentary provided by:

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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at


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.