Soybeans Market Commentary
cmdty Insider - BRUG - Wed Dec 05, 7:30AM CST

Soybean futures are mostly 1 to 1 cents per bushel higher this morning. They ended Tuesday with most contracts 5 to 6 1/4 cents higher. The US dollar is weaker. Equity futures are higher but the stock markets will not trade today due to the Bush funeral. Nearby soy meal was up 60 cents/ton, with soy oil 33 points in the green. Brazil’s soybean exports during November totaled 5.072 MMT, according to the country’s Trade Ministry. That was more than double the same month last year but was down 5.27% from October. Celeres estimates Brazil’s 2018/19 soybean crop could range 123-130 MMT. Brazilian exports for 2019 are projected at a record 77-82 MMT.

--provided by Brugler Marketing & Management

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