Soybean futures are giving back Wednesday’s gains, with most contracts 11-12 cents in the red. January soy meal is down $2/ton, as nearby bean oil is 52 points lower. A Reuters report shows that roughly half of the US shipments to China in 2017 consisted of more than 1% FM. This would increase costs to US exporters. Soybean old crop export sales are expected to be in the range of 0.8-1.5 MMT in Friday’s USDA report. Following Wednesday’s report of an explosion at a Rosario port that left one dead, workers started a 48 hour strike with the reason being safety concerns. The market is showing little reaction, as exports there are typically slower around this time.

Jan 18 Soybeans are at $9.44 1/2, down 11 cents,

Mar 18 Soybeans are at $9.56, down 11 1/2 cents,

May 18 Soybeans are at $9.67 1/4, down 11 1/4 cents,

Jul 18 Soybeans are at $9.77 3/4, down 11 1/4 cents,

Jan 18 Soybean Meal is at $312.20, down $2.00

Jan 18 Soybean Oil is at $32.55, down $0.52

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.