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Soybean Meal Dec '18 (ZMZ18)

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cmdty Insider - Soybean Meal Market Commentary

Mon Nov 12, 4:56PM CST
Soybean futures ended the Monday session with most contracts 3 to 4 cents lower. Front month soy meal was UNCH, with soy oil up 9 points. The USDA weekly Export Inspections report is delayed until Tuesday. Soybean harvest progress is seen at 90% ahead of Tuesday’s Crop Progress report. Much of the focus is starting to shift away from US and towards the Southern Hemisphere and deflationary factors such as today’s sharply higher dollar. Palm oil futures are trading near multi-year lows due a stocks build up, keeping a lid on soy oil.Nov 18 Soybeans closed at $8.71 3/4, down 3 1/2 cents,Jan 19 Soybeans closed at $8.83 1/4, down 3 1/2 cents,Mar 19 Soybeans closed at $8.96 3/4, down 3 1/4 cents,Jul 19 Soybeans closed at $9.23 1/4, down 3 1/4 cents,Dec 18 Soybean Meal closed at $305.60, unch,Dec 18 Soybean Oil closed at $27.71, up $0.09--provided by Brugler Marketing & Management
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