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Barchart
Austin Schroeder

Soybeans Bulls Post Black Friday Buying, as USDA confirms Sales to China

USDA China CmdtyView Oil

Soybeans posted gains of 4 to 6 ¼ cents across the nearby contracts on Friday, with January up 12 ¾ cents on the week. The cmdtyView national average Cash Bean price was 6 1/2 cents higher at $10.65 ½. Soymeal futures were down $1.70 to $3.60, with December down 70 cents on the day. Soy Oil futures were 87 to 10 points higher, with December rallying 150 points on the short week. There were 199 deliveries issued against December soybean meal for first notice day, with 447 for bean oil.

USDA reported a private export sale of 312,000 MT of soybeans to China this morning. 

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