Soybean futures are 2 to 3 cents higher this morning. They settled 1 lower to 3 higher on Friday. Nearby Soymeal futures were down $3.80/ton on Friday, with nearby soy oil down 6 points. Soybean export commitments as of Feb 22 for soybeans were 12.5% lower than the same time last year. BAGE trimmed their expected Argentine soybean production number 3 MMT to 44 MMT. Informa is also apparently at 44 MMT. The average trade guess is still 48.5 MMT in a Bloomberg survey. USDA was at 54 MMT for Argentina in February. They will update on March 8. Brazil was 113.9 MMT in the same survey, but AgRural is up at a record 117.9 MMT! Brazil exported 2.864 MMT of soybeans during February according to their country’s Trade Ministry. That was 83.12% larger than January, but down from last year by 18.9%. SAFRAS estimated that 31% of the Brazilian crop is harvested, lagging the 39% average and last year’s 46%. The delay is all in the south, with Mato Grosso ahead of the 5 year average.

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.