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Soybean Meal Sep '17 (ZMU17)

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36 minutes ago
Soybean futures ended the Wednesday session with most contracts steady to 2 cents higher. Front Month soy meal was up $2.80/ton, with May soy oil 63 points in the green. The board crush got fatter. Ahead of the weekly USDA Export Sales report, analysts are estimating 0.7-1.4 MMT in old crop soybean export sales during the week of 3/15, with 50,000-200,000 MT for new crop. Last week’s report showed old crop sales at 1.27 MMT. Sales of soy meal are expected to range 100,000-300,000 MT, as soy oil is at 20,000-50,000 MT. The USDA ag attach in Canada expected to see the country’s canola production to drop 0.8 MMT to 20.5 MMT in 2018/19.May 18 Soybeans closed at $10.29 3/4, up 1 1/2 cents,Jul 18 Soybeans closed at $10.40 1/2, up 1 1/2 cents,Aug 18 Soybeans closed at $10.41 3/4, up 1 1/2 cents,Nov 18 Soybeans closed at $10.26 1/4, up 1 1/4 cents,May 18 Soybean Meal closed at $364.50, up $2.80,May 18 Soybean Oil closed at $32.37, up $0.63
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