Soybeans rebounded from the Thursday losses to close Friday with a late push higher, up 4 ½ to 9 ½ cents. August was 12 ¾ cents in the green on the week, with November 12 ¼ cents higher. The cmdtyView national average Cash Bean price was up 10 3/4 cents at $11.66 3/4. Soymeal futures were $2.70 to $3.90 lower at the close, with August slipping 20 cents this week. Soy Oil futures were 115 to 238 points higher, as August rallied 435 points this week. Crude oil is back up $3.50/bbl at midday to provide support to the bean oil, with heating oil up $0.0523 to $4.083/gal.
USDA reported 3 sets of private export sales for new crop this morning, with 340,000 MT to China, 256,634 MT to Mexico, and 110,000 MT to unknown destinations.
