Soybeans saw higher trade on Thursday, with contracts up 2 to 3 ½ cents at the close. The cmdtyView national average Cash Bean price was 3 3/4 cents higher at $10.49 3/4. Soymeal were mixed, with contracts 30 cents higher to 90 cents lower. Soy Oil futures were steady to 18 points higher.
USDA continued their backlogged update of Export Sales reports this morning, with 1.248 MMT of soybean sold in the week of 10/30. That was in the middle of traders looking for between 0.6-2 MMT. That is still shy of last week by 13.9% and the same week last year by 48.7%. A total of 232,000 MT was sold to China in that week as they make their first appearance.
