BRUG - Fri Aug 18, 12:07PM CDT

Soybean futures are trading 4 to 7 1/2 cents in the green in most front months. Sep soy meal is up 80 cents/ton, with nearby bean oil 48 points higher. Soybean export commitments are 15.8% larger than last year for this week. They are 105% of the USDA full year export estimate, vs. 104% last year and the average of 103%. Next week’s export sales report should include private export sales announcements since last Friday of at least 489,000 MT of new crop and 60,000 MT in old crop soybeans. These have been announced under the daily reporting system. China was the purchaser of 417,000 MT of that total.

Sep 17 Soybeans are at $9.37 3/4, up 7 1/2 cents,

Nov 17 Soybeans are at $9.38, up 5 cents,

Jan 18 Soybeans are at $9.45 3/4, up 4 1/2 cents,

Mar 18 Soybeans are at $9.53 1/2, up 4 cents,

Sep 17 Soybean Meal is at $296.90, up $0.80

Sep 17 Soybean Oil is at $33.69, up $0.48

Market Commentary provided by:

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