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Barchart
Austin Schroeder

Soybeans Holding onto Gains, as USDA confirms Sales to China

USDA China CmdtyView Oil

Soybeans are trading with gains of 3 to 4 cents on Friday following the holiday. The cmdtyView national average Cash Bean price is 3 3/4 cents higher to $10.62 3/4. Soymeal futures are down $2.50 to $2.70, as Soy Oil futures are 83 to 97 points higher. There were 199 deliveries issued against December soybean meal for first notice day, with 447 for bean oil.

USDA reported a private export sale of 312,000 MT of soybeans to China this morning. 

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