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




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


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.