Soybeans Post marginal Losses on Thursday

Soybean futures saw losses of 1 to 2 cents in most contracts on Thursday. Soymeal was down $1.80/ton, with bean oil 54 points higher. The weekly update to the Export Sales report indicated 510,024 MT of old crop soybeans sold in the final full week of May, above expectations. Unknown destinations purchased 214,000 MT, with China at 72,300 MT in bookings. New crop sales were reported at 73,740 MT. Soy Meal sales were tallied at 112,888 MT, with soy oil at 15,420 MT. April soybean exports according to Census were at 2.399 MMT (88.16 mbu), which was the second largest April total on record. Meal exports in April were a monthly record 1.27 MMT. President Trump is also threatening to implement the tariffs on the final $300 billion in Chinese exports to the US, with a decision to come after the G-20 later this month.

Jul 19 Soybeans closed at $8.68 3/4, down 1 cent,

Aug 19 Soybeans closed at $8.75 1/4, down 1 cent,

Sep 19 Soybeans closed at $8.82 1/4, down 1 1/2 cents,

Jan 20 Soybeans closed at $9.08 3/4, down 1 3/4 cents,

Jul 19 Soybean Meal closed at $315.90, down $1.80,

Jul 19 Soybean Oil closed at $27.76, up $0.54

--provided by Brugler Marketing & Management




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