Soybeans Market News and Commentary

Soybean futures are down 4 to 7 1/2 cents so far on Turnaround Tuesday. Soymeal is down 70 cents/ton, with soy oil 8 points lower. Trade estimates ahead of this month’s USDA reports (which are delayed due to the government shutdown and will NOT be released on Friday) are for Brazil’s soybean production estimate to be trimmed to 120.13 MMT, according to a Reuters survey. Brazil’s CONAB, however, will release their estimates as scheduled this Thursday. The US/China trade talks in Beijing are still on going and heading into a third day on Wednesday according to US trade officials.

Jan 19 Soybeans are at $9.04 3/4, down 7 1/2 cents,

Mar 19 Soybeans are at $9.19, down 5 1/4 cents,

May 19 Soybeans are at $9.31 3/4, down 5 1/4 cents,

Jul 19 Soybeans are at $9.43 1/2, down 5 1/4 cents,

Jan 19 Soybean Meal is at $317.50, down $0.70

Jan 19 Soybean Oil is at $28.18, down $0.08

--provided by Brugler Marketing & Management

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