Soybeans slipped off the midday highs this week with contracts up 1 to 1 ½ ents in the front months at the close. March was up 16 3/4 cents on the week. The cmdtyView national average Cash Bean price was 1 1/2 cents higher at $9.90 3/4. Soymeal futures closed Friday with January down 40 cents and other contracts up a dime to $1.80, as March was up $7.70 this week. Soy Oil futures were 15 to 23 points higher on the day, as March was 39 points higher on the week.
A private export sale of 198,000 MT of soybeans were sold to unknown destinations this morning according to the USDA. Wire sources indicated that China bought another 10 cargoes of US beans for April – May shipment on Friday.
