Soybean Jan '20 (ZSF20)
Soybean Futures Market News and Commentary
Soybean futures fell to as much as 6 1/2 points lower after being fractionally mixed during midday trading. Soybean meal was down $2.20/ton. Bean oil was up by 24 points. Traders are expecting 0.8 -1.4 MMT of soybean export sales in tomorrow’s report. Soymeal export sales are expected to range from 100-45,000 MT, and bean oil is anticipated to show 5,000-25,000 MT. US Soybean FOB prices were are seen below Brazil but slightly above Argentina, @ $359.00/MT. Malaysian palm oil, a substitute for soybean oil, was closed at its highest level since the November 2017.
JAN 19 Soybeans closed at $9.05, down 6 1/2 cents,
MAR 19 Soybeans closed at $9.19, down 5 1/2 cents,
MAY 20 Soybeans closed at $9.32, down 4 3/4 cents,
JUL 20 Soybeans closed at $9.43 3/4, down 4 cents,
DEC 19 Soybean Meal closed at $299.80, down $2.20,
DEC 19 Soybean Oil closed at $31.20, up $0.24
--- provided by Brugler Marketing & Management
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