Soybeans Down on Monday, Pressured by Weak Exports
BRUG - Mon Apr 22, 12:09PM CDT

Soybean futures are fractionally to 1 1/2 cents lower in most contracts at midday. Meal futures are down 30 cents/ton, with May soy oil up 2 points. This morning’s Export Inspections report indicated 382,298 MT of soybeans shipped in the week that ended on 4/18. That was 19.73% lower than last week and 19.07% below a year ago. Just one cargo of 67,113 MT was destined for China. The CFTC spec fund net short rose to 91,400 contracts as of 4/16. That was an increase of 13,188 contracts for the week. USDA will begin reporting US soybean planting progress in this afternoon’s Crop Progress report, with estimates running 2% complete.

May 19 Soybeans are at $8.79 3/4, down 3/4 cent,

Jul 19 Soybeans are at $8.93 1/4, down 1 cent,

Aug 19 Soybeans are at $8.99, down 1 cent,

Sep 19 Soybeans are at $9.03 1/4, down 1 1/2 cents,

May 19 Soybean Meal is at $302.90, down $0.30

May 19 Soybean Oil is at $28.82, up $0.02

--provided by Brugler Marketing & Management

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