Soybeans are showing 3 to 5 ¾ cent gains across most contracts on Thursday. The cmdtyView national average Cash Bean price is 5 3/4 cents higher at $10.51 3/4. Soymeal futures are up 50 to 70 cents, with Soy Oil futures 14 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.
