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,
