Soybeans are trading with 5 to 7 cent gains so far on Thursday. The cmdtyView national average Cash Bean price is up 5 ¾ ents at $10.93 1/2. Soymeal futures are $11 to $13.20 higher on the day, with Soy Oil futures 6 points lower.
The weekly Export Sales report from this morning showed just 298,208 MT of old crop bean sales in the week of March 12, below analysts expecting 350,000 to 800,000 MT. That was a MY low and 15.42% below the same week last year. New crop sales were just 6,600 MT, on the low end of the estimated 0 to 100,000 MT.
