Soybean Oil Dec '19 (ZLZ19)

by cmdtyNewswires - Tue Sep 17, 5:16PM CDT
Soybeans futures saw 6 1/4 to 6 1/2 cent losses in the front months on Tuesday. Soybean meal was down $1.10/ton, with soy oil 29 points lower. USDA reported another private export sale of 260,000 MT of 19/20 soybeans to China this morning, the third in as many days and bringing the total to 720,000 MT. USSEC indicated that China may be in the market for 1 to 3 MMT, not just the 600,000 MT rumored last Thursday. That said, they were buying ~30 MMT or more per year before the trade war. NASS reported the percentage of US soybeans dropping leaves by week 37 was the lowest since at least 1985. Condition were down 3 points in IL, 4 points in IN, 2 points lower in NE, and down 8 in MN on the Brugler500 index. They saw gains of 7 points in IA and MO. NOV 19 Soybeans closed at $8.93 3/4, down 6 1/4 cents, JAN 19 Soybeans closed at $9.07 1/4, down 6 1/2 cents, MAR 20 Soybeans closed at $9.19 1/2, down 6 1/4 cents, MAY 20 Soybeans closed at $9.30 1/4, down 6 1/4 cents, OCT 19 Soybean Meal closed at $294.10, down $1.10, OCT 19 Soybean Oil closed at $29.85, down $0.29 -- provided by Brugler Marketing & Management