Soybean futures are showing losses of 10 3/4 to 11 1/4 cents in most front months on Monday. December meal is down $2.40/ton, with nearby bean oil 47 points lower. A private export sale of 135,000 MT of 17/18 soy meal to the Philippines was announced through the USDA’s daily reporting system this morning. President Trump was in the Phillippines meeting with Duterte. Traders are estimating USDA will show the soybean harvest 95% completed in this afternoon’s report. This morning’s USDA Export Inspections report showed 2.087 MMT in soybean exports for the week ending 11/9. That is a drop of 16.27% from last week and still lags last year by 29.12%. Soybean export commitments are now 51% of the full year USDA export estimate vs. the average of 67% and last year’s 64%. The Brazilian record crop overhang has diminished, but it still a market factor.

Nov 17 Soybeans are at $9.66, down 11 1/4 cents,

Jan 18 Soybeans are at $9.75 3/4, down 11 1/4 cents,

Mar 18 Soybeans are at $9.87 1/4, down 10 3/4 cents,

May 18 Soybeans are at $9.96 1/4, down 10 3/4 cents,

Dec 17 Soybean Meal is at $312.10, down $2.40

Dec 17 Soybean Oil is at $34.34, down $0.47

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.