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Barchart
Austin Schroeder

Soybeans Higher to Start Thursday Trade

Oil USDA

Soybeans are up 1 to 3 cents on Thursday morning. Futures were 1 to 4 cents higher across most contracts on Wednesday. Open interest was down 9,608 contracts on Wednesday. The cmdtyView national average Cash Bean price was 4 1/4 cents lower at $10.21 3/4. Soymeal futures were steady to $3.10 in the red, with Soy Oil futures 7 to 11 points higher. There were 4 deliveries issued against December soybean oil on Wednesday.

USDA reported private export sales of 136,000 MT of soybeans to China and 119,000 MT to unknown destinations, as well as 212,000 MT to unknown received in the reporting period. Another 120,000 MT of soybean meal was sold to Poland.

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