Soybeans are trading with Friday losses of 12 to 16 cents. There were 38 deliveries issued for November futures overnight, with the contract expiring today. The cmdtyView national average Cash Bean price is 15 3/4 cents lower at $10.57 1/4. Soymeal futures are down $4.30 to $4.50 in the nearbys on the day, with Soy Oil futures steady at midday.
USDA’s release of the backlog of unreported large daily sales from the shutdown showed 1.348 MMT. China was the buyer of just 332,000 MT of that, with 616,000 MT to Unknown destinations. Another 237,500 MT of soybean meal was sold to the Philippines. Actual weekly report data won’t be caught up until January 2.
