Soybeans are trading with 10 to 11 point losses in the front months on Friday. The cmdtyView national average Cash Bean price is 2 3/4 cents lower at $10.05. Soymeal futures are $3 to $3.30 lower, with Soy Oil futures 60 points lower.
USDA Export Sales data for from Thursday took soybean export commitments to 33.85 MMT as of January 22, 20% below last year. That is 79% of USDA’s export estimate and behind the 87% average sales pace.
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USDA will release crush data on Monday, with traders looking for 230.4 mbu of soybeans crushed during December.
Mar 26 Soybeans are at $10.62, down 10 1/4 cents,
Nearby Cash is at $9.95 1/1, down 10 1/4 cents,
May 26 Soybeans are at $10.75 3/4, down 10 cents,
Jul 26 Soybeans are at $10.89 3/4, down 10 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.
