Turnaround Tuesday Brought Fractional Gains

Nearby soybean futures made fractional gains on Turnaround Tuesday. Soybean meal finished the Tuesday session with a gain of $1.20/ton. Soy oil futures also finished in the black, after a 3 point gain. Brazil’s official export data for November showed that the country exported 5.158 MMT through the month. That about matches (-700 MT) their October shipments, but was 7.06% larger than Nov 2018. Soymeal exports were 0.22 MMT lower than their October shipments. Analysts polled believe that Brazil’s soybean crop size will be revised upward. The average expectation for the 19/20 crop is 122.7 MMT which would be a 6.7% hike from the government’s last update.

Jan 20 Soybeans closed at $8.71, up 1/2 cent,

Mar 20 Soybeans closed at $8.85 1/2, up 1/4 cent,

May 20 Soybeans closed at $9.00 3/4, up 1/2 cent,

Jul 20 Soybeans closed at $9.14, up 1/2 cent,

Dec 19 Soybean Meal closed at $292.50, up $1.20

Dec 19 Soybean Oil closed at $29.99, up $0.03

--- 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.