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Barchart
Austin Schroeder

Soybeans Fall into the Weekend as Traders Fade Chinese Purchases

CmdtyView USDA

Soybeans posted losses of 11 to 15 cents on Friday, with January down 32 cents on the week. The cmdtyView national average Cash Bean price was 14 1/4 cents lower at $10.34 1/2. Soymeal futures were down $3.50 to $4.20, with weekly loss of $11.30 for the January contracts. Soy Oil futures were steady to 17 points lower, with January down 36 points. 

USDA reported a private export sale of 462,000 MT of soybeans to China this morning. That takes to the total known sales to 2.845 MMT to China for the marketing year.

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