Beans Recovering at Midday
Related Stocks
 ZSN24 - Soybean
SymLastChgPct
ZSN241203-0-3-4-0.29%
ZSPAUS.CM11.3143-0.0375-0.33%
ZSX211234-0s+21-6+1.79%
ZSPX21US.CM12.3270+0.2300+1.90%

So far soybean futures are back in the black after the sharp Thursday losses. Gains are 11 3/4 to 18 cents, with new crop eating into the inverse. Soymeal prices are $2.40/ton higher so far. BO futures are recovering 146 to 166 points of yesterday’s pullback. 

Dalian No2 Soybean Prices were stronger on Thursday, despite losses in the domestic market. Import quality soybeans closed at 4,400 yuan/MT (~ $18.60/bu) on Thursday.

The weekly Export Sales report showed 94,341 MT of old crop bookings and 102,490 MT booked for 21/22 delivery through the week ending 5/6. The weekly report showed 285,212 MT were shipped through the week, bringing the season’s accumulated exports to 56.6 MMT (2.08 bbu) through 5/6. That is 91% of their forecasted season total. BO bookings were a relatively low 808 MT. Accumulated soy oil commitments are 669,606 MT or 64% of USDA’s updated forecast. 

Jul 21 Soybeans  are at $15.98 1/4, up 14 1/4 cents,

Aug 21 Soybeans  are at $15.39, up 16 3/4 cents,

Nearby Cash  is at $16.04 3/4, up 13 1/2 cents,

Nov 21 Soybeans  are at $14.11 3/4, up 15 1/4 cents,

New Crop Cash  is at $13.62 3/7, up 15 1/4 cents,




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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