Soybeans Lower by 4 Cents As Crush Margins Widen

Soybean futures start off Thursday with losses of 4 cents or more from overnight trades. Yesterday, soybean futures closed with red on the board as futures were down 2 to 2 1/4 cents. Soy meal futures were down by $1.20/ton in the March futures. March bean oil futures were 27 points higher. Board crush margins have widened to more than $1.00 per bushel, making the buying of soybean futures more attractive to crushers. However, early harvest results out of Brazil have yield estimates there creeping higher. EPA reported the D4 RIN production in 2019 totaled 4.13 billion gallons, with 2.57 billion generated by domestic producers.

--- provided by Brugler Marketing & Management




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