Soybean futures are mostly 1 to 1 1/2 cents in the red on Wednesday. Traders are taking some of their profit off the table after 18 cent gains since Friday’s USDA reports. Meal futures are up 40 cents/ton, with nearby soy oil 30 points lower. The USDA reported a private export sale of 130,000 MT of soybeans for 18/19 delivery to Unknown Destinations through their daily reporting system. Prevent plant acres in the FSA’s final report were at 435,430 acres for the 2017 soybean crop. That was well above last year’s 236,609 acres.

Mar 18 Soybeans are at $9.66 3/4, down 1 1/4 cents,

May 18 Soybeans are at $9.78, down 1 1/2 cents,

Jul 18 Soybeans are at $9.88, down 1 cent,

Aug 18 Soybeans are at $9.90, down 1 1/4 cents,

Mar 18 Soybean Meal is at $323.20, up $0.40

Mar 18 Soybean Oil is at $32.49, down $0.30

Market Commentary provided by:

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