Beans are Up 5 Cents at Midday

So far soybeans are up by as much as 5 ¾ cents in the front months, retreating from earlier session gains of 18-19 cents. Dec Soymeal futures as well as bean oil futures are both unchanged on their last trading day. The soybean market is mostly responsive to the news regarding the trade war, and that the US and China have agreed on the context in the Phase One deal. The bulls see the increase in Chinese purchases, while the bears are pointing out it’s the same story buy the rumor sell the fact action. Soybean export commitments are now 56% of the USDA projection, lagging the 69% average pace but above the 53% last year.

Jan 20 Soybeans are at $9.03 3/4, up 5 1/2 cents,

Mar 20 Soybeans are at $9.18, up 5 1/2 cents,

May 20 Soybeans are at $9.31 3/4, up 5 3/4 cents,

Jul 20 Soybeans are at $9.44, up 5 1/4 cents,

Dec 19 Soybean Meal is at $292.60, unch,

Dec 19 Soybean Oil is at $32.03, unch,

--- 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

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.