Soybeans Lower on Monday, Pressured by Weak Exports
BRUG - Mon Apr 22, 5:21PM CDT

Soybean futures saw 3 1/2 to 4 cent losses in the front months on Monday. Meal futures were down 70 cents/ton, with May soy oil 10 points lower. This morning’s Export Inspections report indicated 382,298 MT of soybeans shipped in the week that ended on 4/18. That was 19.73% lower than last week and 19.07% below a year ago. Just one cargo of 67,113 MT was destined for China. The weekly Crop Progress report showed that just 1% of the US soybean crop has been planted as of Sunday, lagging the 2% average. Ahead of Wednesday’s Stats Canada report, analysts estimate 2019 canola acreage to total 21.8 million acres, which would be down 1 million from last year.

May 19 Soybeans closed at $8.77, down 3 1/2 cents,

Jul 19 Soybeans closed at $8.90 3/4, down 3 1/2 cents,

Aug 19 Soybeans closed at $8.96 1/4, down 3 3/4 cents,

Nov 19 Soybeans closed at $9.09 3/4, down 3 3/4 cents,

May 19 Soybean Meal closed at $302.50, down $0.70,

May 19 Soybean Oil closed at $28.70, down $0.10

provided by Brugler Marketing & Management

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