Soybeans are 7 to 8 cents in the green on Thursday, as the bean oil rally continues. There were another 244 deliveries issued overnight. The cmdtyView national average Cash Bean price is yp 7 1/2 cents at $11.03 1/4. Soymeal futures are steady to 30 cents lower on the day, with Soy Oil futures 184 to 215 points higher in the front months. Crude oil is nearing the $80 level, up $4.78 at midday and providing some spillover support. There were 76 deliveries against March meal futures overnight.
The weekly Export Sales report from USDA showed 383,492 MT of soybeans sold in the week of 2/26, on the low end of the 0.3-1 MMT estimates. That was down 5.8% from the previous week, but 31.11% above the same week last year
