Soy Closes Firm
Related Stocks
 ZSK24 - Soybean
SymLastChgPct
ZSK241188-4-4-0-0.34%
ZSPAUS.CM11.3518-0.0640-0.56%
ZSN241202-6-3-6-0.31%
ZSX211234-0s+21-6+1.79%

Bean prices pulled back some in the afternoon and ended the session fractionally to 3 3/4 cents higher. Meal futures were UNCH to $1.30 higher at the bell – with Dec closing $317.90/ton. BO prices gained 54 to 73 points in the front months after another strong showing by palm oil. 

NASS reported after the close that 95% of beans had dropped leaves as of 10/17 – matching the average. Harvest had progressed 11% points to 60% complete, and is now 5% points ahead of the average pace. 

Soybean shipments during the week that ended 10/14, were 2.298 MMT. That was up from 1.74 MMT last week, and a marketing year high, but was still 1.6% lighter yr/yr. Beans were mainly shipped out of the PNW last week, and mainly to China – with PNW exports making up 46.5% of the total and China 74% of the total. Accumulated soybean exports now trail last season’s pace by 50.6% with 215.8 mbu shipped so far. 

Ag Rural reported Brazil’s soybeans were 22% planted as of 10/14. That is the 2nd fastest pace on record and a departure from last year’s delays and dryness issues. 

Nov 21 Soybeans  closed at $12.21 1/2, up 3 3/4 cents,

Nearby Cash  was $11.80 1/2, up 4 3/4 cents,

Jan 22 Soybeans  closed at $12.29, up 2 3/4 cents,

Mar 22 Soybeans  closed at $12.37 1/4, up 2 cents,




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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QFormat="true" Name="TOC Heading"/> </w:LatentStyles> </xml><![endif]--><!-- [if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--></p> <div class="MsoNormal" align="center"> <p>Did you know Brugler Marketing &amp; Management has more to offer to you than just this free daily commentary?! 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