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Barchart
Barchart
Austin Schroeder

Soybeans Falling on Friday Despite Chinese Business Trickling In

CmdtyView Oil

Soybeans are falling 12 to 13 cents in the nearbys on Friday. The cmdtyView national average Cash Bean price is 11 3/4 cents lower at $10.10 3/4. Soymeal futures are $1.70 higher, with Soy Oil futures 85 points lower. There were 26 deliveries for December soybean meal overnight, with 34 for Bean oil. December expires today.

A private export sale of 132,000 MT was reported to China by USDA this morning. Known China purchases (via daily flash sales and weekly data) have accumulated 3.5 MMT. Another sale was reported for soybean meal totaling 104,328 MT to Mexico, with 93,895 MT for the current marketing year and 10,433 MT for the next MY.

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