Soybeans are showing 5 to 6 cent nearby gains across most contract on Friday. The cmdtyView national average Cash Bean price is 5 ½ cents higher at $9.99 ½. Soymeal futures are up $2.50 to $3.30/ton, with Soy Oil futures 30 to 35 points higher.
Export Sales data from this morning showed a marketing year high in soybean sales at 2.45 MMT in the middle of traders looking for between 1.5-3 MMT in the week of 1/15. That was 18.6% above last week and 63.97% larger than the same week last year.
Soybean meal sales were tallied at 412,671, on the high side of estimate of between 200,000 and 500,000 MT in that week. Soybean oil were 10,499 MT in that week on the lower half of 5,000-25,000 MT estimates.
Mar 26 Soybeans are at $10.69 1/2, up 5 1/2 cents,
Nearby Cash is at $9.99 1/2, up 5 1/2 cents,
May 26 Soybeans are at $10.81 3/4, up 5 1/2 cents,
Jul 26 Soybeans are at $10.94 3/4, up 5 3/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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