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Barchart
Austin Schroeder

Soybeans End Thursday on a Slightly Higher Note

CmdtyView USDA Oil

Soybeans saw slight gains of 1 to 2 1/4 cents in the nearbys on Thursday. The cmdtyView national average Cash Bean price was 1 3/4 cents higher at $10.22 1/2. Soymeal futures were up 30 to 90 cents, with Soy Oil futures 23 to 29 points lower. 

USDA reported private export sales of 264,000 MT of soybeans to China and 226,000 MT to unknown destinations in another flash sale announcement this week. Export Sales data for the week ending on November 13 was out on Thursday morning, with bean bookings totaling 695,598 MT, which was on the lower side of 0.6-1.4 MMT estimates. That was an improvement from last week but still 61% below the same week last year.

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