Soybeans

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:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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.