Soybean futures are trading fractionally to 1 1/2 cents in the green on Wednesday. Soy meal is up $1.30 in the front month, with July 17 soy oil 5 points higher. Analysts are expecting the NOPA report to show May crush increasing to 143.192 million bushels. May 31 soy oil stocks are projected to increase at 1.745 billion pounds. The report will be released tomorrow at 11:00 a.m. CDT. Producer sales in Brazil have picked up over the past few days on a lower Real China’s ag ministry has approved for import some additional varieties of GMO corn and soybeans.

Jul 17 Soybeans are at $9.34, up 1 1/2 cents,

Aug 17 Soybeans are at $9.37 3/4, up 1 1/2 cents,

Sep 17 Soybeans are at $9.38, up 1 1/4 cents,

Nov 17 Soybeans are at $9.39 3/4, up 3/4 cent,

Jul 17 Soybean Meal is at $302.80, up $1.30

Jul 17 Soybean Oil is at $32.14, up $0.05

Market Commentary provided by:

Brugler Marketing & Management LLC
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