Soybeans Close in the Black on Friday

Soybean futures rallied 7 ¾ to 9 ¼ cents in the front months on Friday. Soybean meal was up $1.10/ton, with bean oil 63 points higher. The weekly Export Sales report, pushed back to this morning, indicated just 768,071 MT of soybean sales for the week ending last Thursday. That was on the lower end of estimates, and a marketing year low. China accounted for 578,724 MT in sales. Shipped and unshipped sales combine for 51.931 MT, more than double the same week last year and now 87% of the USDA export projection. The average for this date is 60%. Meal bookings totaled 138,144 MT, with bean sales of 26,302 MT. The Buenos Aires Grain Exchange pegged Argentina’s soybean planting at 39.3%, slightly above last year but lagging the 5-year average of 44.6%.

JAN 21 Soybeans closed at $11.93 1/4, up 9 1/4 cents,
MAR 21 Soybeans closed at $11.95, up 9 1/4 cents,
MAY 21 Soybeans closed at $11.91 3/4, up 7 3/4 cents,
JUL 21 Soybeans closed at $11.88 1/2, up 8 3/4 cents,
DEC 20 Soybean Meal closed at $398.00, up $1.10,
DEC 20 Soybean Oil closed at $38.81, up $0.63

--- 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.