Soybean futures are currently 5 cents lower. They ended Wednesday trading fractionally lower in the front months, with back months higher. Soy meal was up 30 cents in the front month, with July 17 soy oil steady. Old crop export bookings for the week of June 8 are projected to be 250,000-500,000 MT, as new crop is expected at 100,000-300,000 MT. Soy meal total export sales are estimated at 50,000-250,000 MT, with soy oil expected to range 5,000-35,000 MT in the weekly USDA report. The NOPA report will be released today at 11:00 a.m. CDT with crush ideas in the 143-144 million bushel range.

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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