Soybeans Hold Gains, Weighted by Grain Complex

Soybean futures closed Tuesday with most contracts fractionally to 2 cents higher. Forecasts for heavy rainfall totals in most of the Corn Belt (especially the ECB), with 23% of the crop left to be planted supported the market. Losses in corn and wheat were seen as pressure. Soymeal was down $2.30/ton, with bean oil 19 points higher. USDA reported that IL was 70% planted, IN was 74%, MO at 57% and OH just 46% planted by Sunday. MN was 94% complete, with IA at 89% and NE 91% planted. TN was the only of the 18 states reported faster than normal.

Jul 19 Soybeans closed at $9.13 1/2, up 3/4 cent,

Aug 19 Soybeans closed at $9.20 1/4, up 1 cent,

Sep 19 Soybeans closed at $9.27 1/4, up 1 cent,

Jan 20 Soybeans closed at $9.52 1/4, up 1 1/2 cents,

Jul 19 Soybean Meal closed at $322.00, down $2.30,

Jul 19 Soybean Oil closed at $28.33, up $0.19

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


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.