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Barchart
Barchart
Austin Schroeder

Soybeans Finding Some Buyers at Midday, Still Facing Weaker

CmdtyView Oil

Soybeans are trying to pull off the early near double digit losses on Friday, with contracts down 1 to 3 cents at midday. The cmdtyView national average Cash Bean price is down 1 ¼ cents at $12.03 1/2. Soymeal futures are down $3.20 to $3.40, with Soy Oil futures up 19 to 20 points.

USDA confirmed another round of private export sales of 558,000 MT of soybeans to China this morning, taking this week’s total to 1.358 MMT to China. There was another 236,000 MT to unknown destinations, with the total to unknown sales announced this week at 519,450 MT.

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