Soybean Meal Jul '20 (ZMN20)
Soybean Meal Futures Market News and Commentary
Overnight, soybean trading boosted futures 2 to 3 cents from the previous close. On Tuesday, nearby soybeans posted gains of 10 to 13 3/4 cents and 2021 contracts were 8 3/4 to 10 cents higher. Soybean meal futures did nothing. Soybean oil futures closed up 63 points on Tuesday. US soybean planting through May 24 was 65% complete. That was below trade estimates around 70%, but still 10 ppts above the 5-year average. Soybean emergence was 35%, compared to 18% last week, 11% last year and the 5-year average of 27%. Soybean exports from the week ending May 21 were 333,127 MT. That was down 6% wk/wk and 38% below last year. Accumulated soybean exports for the MY were up to 1.289 bbu, which is still 40% above last year’s pace.
--- provided by Brugler Marketing & Management
- Heartland Morning Update
Grains close firm from overnight session. Do they sell the day session?
- Rains Forecasted in Corn Country! The Corn & Ethanol Report 05/27/2020
We start of the day with MBA Mortgage Applications and MBA 30-Year Mortgage Rate at 6:00 A.M., Redbook MoM and YoY at 7:55 A.M., 119-Day [...]
- TFM Sunrise Update - May 27, 2020
Grains firm overnight. Livestock called higher- expanded limits for feeder cattle today