Soybeans Market News and Commentary
BRUG - Thu Jan 10, 5:15PM CST

Soybean futures posted 16 to 17 1/4 cent losses in most contracts on Thursday. Soymeal futures were down $6.40/ton, with soy oil 38 points lower. Palm oil prices were down 1.47% on the day. Pressure was from lack of much progress on the trade war front and no export sales activity from the USDA. CONAB was not as low as other firms have gone, putting their updated 18/19 Brazil soybean estimate at 118.8 MMT vs. 120.07 MMT last month. They also pegged 18/19 exports at 75 MMT, UNCH from last month but down 8.865 MMT from 17/18. Agroconsult also released updated numbers, down 5.2 MMT from last month at 117.6 MMT.

Jan 19 Soybeans closed at $8.95 1/2, down 16 cents,

Mar 19 Soybeans closed at $9.06 3/4, down 17 1/4 cents,

May 19 Soybeans closed at $9.20 1/4, down 17 cents,

Aug 19 Soybeans closed at $9.37 1/4, down 16 1/4 cents,

Jan 19 Soybean Meal closed at $312.60, down $6.40,

Jan 19 Soybean Oil closed at $27.94, down $0.38

--provided by Brugler Marketing & Management

Market Commentary provided by:

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