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Barchart
Austin Schroeder

Soybeans Showing Slight Gains on Thursday

Oil CmdtyView USDA

Soybeans are up 1 to 3 cents at Thursday’s midday. The cmdtyView national average Cash Bean price is 2 ¼ cents higher at $10.23. Soymeal futures are up $1.50, with Soy Oil futures 30 to 38 points lower. There were 4 deliveries issued against December soybean oil on Wednesday.

USDA reported private export sales of 264,000 MT of soybeans to China and 226,000 MT to unknown destinations in another flash sale announcement this week. Export Sales data for the week ending on November 13 was out on Thursday morning, with bean bookings totaling 695,598 MT, which was on the lower side of 0.6-1.4 MMT estimates. That was an improvement from last week but still 61% below the same week last year.

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