Soybean futures are trading sharply lower on Wednesday, as most front months are down 35 3/4 to 37 1/4 cents.July 17 soy meal is $14.30 in the red, as soy oil is 35 points lower in the front month. The USDA indicated 16/17 soybean export sales of 228,041 MT for the week of July 6, with new crop sales blowing expectations out of the water for a change at 455,000 MT. Total sales were 55.7% larger than a week ago but are still 25% lower than last year. Soy meal sales came in at 140,715 MT, with most of that coming from 17/18 sales. That was 75.5% larger than last week but 24.8% lower than this time last year. Soy oil sales were at 16,164 for 16/17, more than double last week but 10.5% behind last year. The US and World Supply and Demand report showed 17/18 US ending stocks shifting 35 mbu lower to 460 mbu with less carryover from 16/17. US ending stocks from 16/17 were lowered via a 50 mbu increase in exports. Chinese customs data shows that the country imported 44.81 MT during the first half of the year, a 14.2% increase yr/yr.

Jul 17 Soybeans are at $9.91 1/2, down 25 1/4 cents,

Aug 17 Soybeans are at $9.85, down 35 3/4 cents,

Sep 17 Soybeans are at $9.88 1/2, down 36 3/4 cents,

Nov 17 Soybeans are at $9.96 3/4, down 37 1/4 cents,

Jul 17 Soybean Meal is at $320.10, down $14.30

Jul 17 Soybean Oil is at $33.08, down $0.35

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.