Soybeans Market News and Commentary

Soybean futures are showing gains of 3 to 4 1/2 cents in most contracts on Wednesday, after rumors of cancelled prep talks with China were denied. Meal futures are up 40 cents/ton, with soy oil 22 point higher. Analysts with Informa expect 2019 soybean planted acreage to drop to 86.2 million acres, down 2.9 million from last year. Dr. Michael Cordonnier trimmed his Brazil production estimate by 1 MMT to 115 MMT. A Reuters survey of analysts shows an expected 117 MMT in soybean production.

Mar 19 Soybeans are at $9.13 1/2, up 4 1/4 cents,

May 19 Soybeans are at $9.27 1/4, up 4 1/2 cents,

Jul 19 Soybeans are at $9.40 1/4, up 4 1/2 cents,

Aug 19 Soybeans are at $9.44 1/4, up 3 1/4 cents,

Mar 19 Soybean Meal is at $313.40, up $0.40

Mar 19 Soybean Oil is at $29.28, up $0.22

--provided by Brugler Marketing & Management

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