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Monday, March 20, 2023 6:02:20 PM
Mixed Monday In Soy Market
By: Barchart | March 20, 2023
Nearby soybeans were mixed with weaker old crop at the close. The May contract saw a 25 3/4 cent range on the day, from -13 1/2 to +11 1/4, and ended near the high on a 9 1/2 cent gain. Soybean oil futures were also higher on the day, gaining 35 to 53 points. Meal futures stayed mostly firm after midday, but closed $3.30 to $3.70/ton in the red.
Weekly inspections data had 716,618 MT of soybean exports for the week that ended 3/16. That was up 83k wk/wk and up 160k MT from the same week last year. Accumulated soybean shipments were marked 1.226 MMT ahead of last year’s pace with 44.06 MMT shipped.
Patria Agronegocios estimated that the Brazilian soybean harvest is 63.1% finished. That trails Brazil’s unusually rapid 71.7% pace from last year.
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By: Barchart | March 20, 2023
Nearby soybeans were mixed with weaker old crop at the close. The May contract saw a 25 3/4 cent range on the day, from -13 1/2 to +11 1/4, and ended near the high on a 9 1/2 cent gain. Soybean oil futures were also higher on the day, gaining 35 to 53 points. Meal futures stayed mostly firm after midday, but closed $3.30 to $3.70/ton in the red.
Weekly inspections data had 716,618 MT of soybean exports for the week that ended 3/16. That was up 83k wk/wk and up 160k MT from the same week last year. Accumulated soybean shipments were marked 1.226 MMT ahead of last year’s pace with 44.06 MMT shipped.
Patria Agronegocios estimated that the Brazilian soybean harvest is 63.1% finished. That trails Brazil’s unusually rapid 71.7% pace from last year.
Read Full Story »»»
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