Soybean futures closed the Monday session with most contracts 4 to 6 1/2 cents in the green. Nearby Soymeal futures were down 90 cents/ton, with front month soy oil 5 points lower. US exporters shipped 990,113 MT of soybeans for the week that ended 3/1. That was 29.21% above the week prior and 4.47% larger than this time last year. Friday’s CFTC commitment of Traders report showed spec funds holding a net long position of 147,380 contracts as of last Tuesday in soybean futures and options. SAFRAS & Mercado estimates that 43.5% of Brazil’s soybean crop has been sold by producers, compared to 42% for this time last year and the five year average of 50.2%.

Mar 18 Soybeans closed at $10.66 3/4, up 6 cents,

May 18 Soybeans closed at $10.77 1/2, up 6 1/2 cents,

Jul 18 Soybeans closed at $10.85 3/4, up 6 1/2 cents,

Sep 18 Soybeans closed at $10.59 1/2, up 5 3/4 cents,

Mar 18 Soybean Meal closed at $389.30, down $0.90,

Mar 18 Soybean Oil closed at $32.01, down $0.05

Market Commentary provided by:

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