Overnight, soybean prices added 4 to 9 cents to the 30 cent gains from yesterday. Soy products also rallied yesterday, closing the session up $10.50 to $12.40/ton for meal, and 44 to 50 points for bean oil. Traders anticipate USDA’s Export Sales report to show 1.5 to 2.5 MMT of bean bookings for the week ending September 24. Soymeal sales are estimated 100k to 450k MT with MY rolling expected. The analyst estimates for soy oil weekly export sales run 5 to 30,000 MT. Yesterday NASS reported Sept 1 soybean stocks were 523 mbu. That was down 386 mbu yr/yr and below the average trade guess. NASS revised the 2019 bean crop 333,000 bushels lower to 3.552 bbu.

--- provided by Brugler Marketing & Management