Soybeans
Brugler Marketing and Management, LLC - BRUG - Fri Aug 10, 7:29AM CDT

Soybean futures are currently 1 1/2 to 4 cents lower. They settled 6 to 7 cent lower yesterday. There was a little light long liquidation on Thursday, with preliminary open interest down 2,386 contracts. Nearby soy meal was down $3.10/ton, with soy oil 3 points lower. Old crop soybean export sales totaled 421,841 MT in the week that ended on August 2, as new crop sales were at 532,540 MT. Soybean exports were heavier than normal for this time of the year at 1.016 MMT. The average trade estimate for today’s WASDE report has old crop world ending stocks at 95.9 MMT, while new crop carryout is seen at 99.5 MMT. CONAB’s monthly crop report bumped their Brazilian soybean production estimate to 118.99 MMT, matching USDA’s July number.




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.