Soy Complex Even at Midday
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At midday, soybeans are within a penny of UNCH, which masks a 20 cent per bushel intraday range! Prices had been 11 cents stronger and 9 cents red during the morning action. Soymeal futures are higher at midday, gaining $3.20 to $.70/ton. Soybean oil futures are down by triple digits for midday. 

NOAA CPC and WMO maps show dryness during the past week in Central Mato Grosso, Parana, and RGDS. Central and N.E. Goias received at least 100 mm (3.9”) of rain from 11/8-11/14. The WMO soil moisture map showed spotty deficit was present in Parana through Rio Grande Do Sul, with MG and MGDS at a deficit, and Sao Paulo as very depleted. Brazil was reported at 79.2% planted (+10.2% points compared to 2020) as of 11/13’s progress report from CONAB. 

Argentina’s Buenos Aires Grains Exchange reported soybean planting at 28.6% of the expected area through 11/18. That was a 9.8% advancement through the week. 

IGC’s November soybean production forecast was unchanged from October, with global output figured at 380 MMT, and 60 MMT of carryover to 22/23. 

Jan 22 Soybeans  are at $12.64 3/4, down 1/2 cent,

Nearby Cash  is at $12.27 3/8, down 3/8 cent,

Mar 22 Soybeans  are at $12.76 1/4, down 1/4 cent,

May 22 Soybeans  are at $12.85 3/4, unch,

New Crop Cash  is at $11.84 7/8, down 0 cent,




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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