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Soybean Meal Mar '19 (ZMH19)

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Soybean Meal Futures Market News and Commentary

Soybeans Market News and Commentary

Soybean futures posted 8 to 9 cent gains in most nearby contracts on Friday, with March 0.71% higher this week. Soymeal futures were up $2.90/ton, with soy oil 24 points higher. Several Trade War rumors helped to support the market later in the week. We regard these as trial balloons for the next negotiating round at the end of the month. The markets will re-open on Monday evening for the normal overnight trade. AgRural estimates that the Brazilian soybean harvest is 6.1% complete, compared to the average at 1.2%.Mar 19 Soybeans closed at $9.16 3/4, up 9 cents,May 19 Soybeans closed at $9.30, up 9 cents,Jul 19 Soybeans closed at $9.42 1/2, up 8 1/2 cents,Sep 19 Soybeans closed at $9.49, up 8 cents,Mar 19 Soybean Meal closed at $315.10, up $2.90,Mar 19 Soybean Oil closed at $29.01, up $0.24--provided by Brugler Marketing & Management
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