Soybeans Market News and Commentary

Soybean futures are currently 3 cents or more higher after closing 5 to 7 1/2 cents lower on Tuesday. Some rotation of open interest from March to May was noted although the index fund rolls won’t start until the end of the month. Meal futures were down $2.10/ton yesterday, with soy oil 5 points higher to lead the product values. The weekly Export Inspections report indicated 1.111 MMT of soybeans were exported during the week of January 17. That was 2.08% larger than last week but still 21.9% below the same week in 2018. Shipments to China picked up in that week, with a combined 416,408 MT in exports out of the Gulf and Pacific.

--provided by Brugler Marketing & Management




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