Soybean Meal Pit May '17 (SMK17)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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-3.0 (-0.96%)since 04/12/17
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-36.8 (-10.62%)since 02/10/17
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-30.9 (-9.07%)since 05/12/16
More Soybean Meal (Pit) QuotesAll Futures
Brugler reportGet the Newsletter
Soybean futures were unable to hold gains from earlier in the day, with nearby contracts steady to 1/2 cent higher and back months lower. Soy meal was up $3.00/ton, with front month soy oil 2 points in the green. This morning’s USDA Export Sales report showed just 371,303 MT of old crop soybean sales in the week that ended 4/19, short of analysts’ expectations. That was well below the previous week, but nearly 174.6% larger than this week in 2017. Net reductions of 9,800 MT were reported for China, as their buying typically switches to South American at this point in the year. New crop sales were also shy of estimates at 166,500 MT. Soybean exports for that week totaled 446,058 MT, a jump of 10.9% from the week prior and 25.6% larger than last year. Sales of soy meal totaled 264,501 MT, as soy oil was reported at 11,237 MT. The IGC expects 18/19 world soybean production to total 355 MMT, with ending stocks up 1 MMT to 40 MMT.May 18 Soybeans closed at $10.28, up 1/2 cent,Jul 18 Soybeans closed at $10.39 1/2, up 1/4 cent,Aug 18 Soybeans closed at $10.41 1/2, unch,Nov 18 Soybeans closed at $10.33 1/4, down 1 1/2 cents,May 18 Soybean Meal closed at $379.20, up $3.00,May 18 Soybean Oil closed at $30.81, up $0.02
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