Soybean futures settled with 7 to 10 cent gains in most nearby contracts. Meal futures were up $7.40/ton, with nearby soy oil down 28 points. Forecasts are calling for continued dryness in Argentina this week, with a chance of rain by the weekend. According to DTN, the average US cash price for soybeans on Monday was $9.32 3/4, 46 cents lower than the same day in 2017. That would put the average soybean basis at -69 cents, 6 1/2 cents stronger than last year. Analysts are expecting Thursday’s NOPA report to show that 165.511 mbu of soybeans were crushed during January. That would be 3.04% larger than the same time last year, and the second largest behind December 2017.

Mar 18 Soybeans closed at $10.11 3/4, up 10 cents,

May 18 Soybeans closed at $10.22 1/4, up 9 3/4 cents,

Jul 18 Soybeans closed at $10.32, up 10 cents,

Sep 18 Soybeans closed at $10.23 3/4, up 7 cents,

Mar 18 Soybean Meal closed at $365.20, up $7.40,

Mar 18 Soybean Oil closed at $31.57, down $0.28

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.