Soybeans Lower on Thursday

Soybeans futures are trading 2 to 3 cents per bushel lower in the front months on Thursday. Meal futures are down 10 cents/ton and soy oil 9 points lower. The weekly Export Sales report indicated net sales of 25,936 MT for old crop soybeans for the week ending 8/15. Germany was the main buyer of 68,500 MT, with unknown destinations cancelling a net 169,00 MT. New Crop sales beat out the top end of estimates at 792,575 MT, a 3% reduction from last week and 38% above the same week last year. Of this, 421,000 is set for unknown destinations. China officially purchased 9,589 MT in old crop and 66,000 MT for delivery next year. The ProFarmer Midwest Crop Tour will wrap up today.

SEP 19 Soybeans are at $8.58, down 2 1/2 cents,

NOV 19 Soybeans are at $8.70 1/2, down 2 1/2 cents,

JAN 19 Soybeans are at $8.84 1/4, down 2 1/2 cents,

MAR 20 Soybeans are at $8.97 1/4, down 3 cents,

SEP 19 Soybean Meal is at $294.60, down $0.10,

SEP 19 Soybean Oil is at $28.65, down $0.09

--- 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.