Soybeans Market News and Commentary

Soybean futures are showing 1 to 1 1/2 cent gains in most contracts at midday. Soymeal was up $2.90/ton, with soy oil 4 points lower. Reports are floating around from trade sources that China purchased at least 180,000 MT of US soybeans on Monday. Export inspections of soybeans in the week of 1/3 were tallied at 673,172 MT by USDA. That was down 10.98% from the week previous and 44.58% below the same holiday week in 2018. The Netherlands led the way with 138,531 MT shipped, with 83,194 MT to Argentina. A load of 74,166 MT out of the Pacific was also headed to China. US and Chinese negotiators met on Monday to discuss ag and energy issues under the 90 day clock. Talks will resume on Tuesday.

Jan 19 Soybeans are at $9.11, up 1 1/2 cents,

Mar 19 Soybeans are at $9.23, up 1 1/2 cents,

May 19 Soybeans are at $9.35 3/4, up 1 1/4 cents,

Jul 19 Soybeans are at $9.47 1/4, up 1 1/4 cents,

Jan 19 Soybean Meal is at $318.00, up $2.90

Jan 19 Soybean Oil is at $28.37, down $0.04

--provided by Brugler Marketing & Management

Market Commentary provided by:

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