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Soybeans In the Green at Midday

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Soybean futures are showing 4 to 5 1/4 cent gains in most contracts on Thursday. July soy meal is up $2.40/ton, with soybean oil 40 points higher. This morning’s Export Sales report from FAS indicated that 370,908 MT of 18/19 soybeans were sold during the week of May 9. That was 79.4% larger than last year at this time and well above last week’s net reduction. There was also 303,400 MT in 19/20 sales, the largest this MY. Germany was the lead buyer of old crop at 122,000 MT, with 277,000 MT of new crop sold to unknown. Meal sales totaled 265,432 MT, with soy oil at 10,793 MT.

Jul 19 Soybeans are at $8.40 3/4, up 5 1/4 cents,

Aug 19 Soybeans are at $8.47, up 5 cents,

Sep 19 Soybeans are at $8.53, up 5 cents,

Nov 19 Soybeans are at $8.65, up 5 1/4 cents,

Jul 19 Soybean Meal is at $302.20, up $2.40

Jul 19 Soybean Oil is at $27.64, up $0.40

--provided by Brugler Marketing & Management

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