Soybeans are giving back 1 to 3 1/4 cents at midday on the shortened Friday session. Meal prices are trading $0.80 to $1.60 weaker so far. BO futures are within 20 points of UNCH trading mixed but mostly lower through midday.Â
Chinese futures Dalian No2 Soybean Prices were 45 yuan off their high, but still up 61 yuan on Thursday while US markets were closed for Thanksgiving. On Friday the Jan No.2 contract was 194 yuan higher to 5,036 – a 2-wk high.Â
Weekly Export Sales data had a 9 week low for soybean bookings with 690k MT sold during the week of 11/17. Shipments were up by 20% on the week to 2.432 MMT for a season total of 16.95 MMT. That is still 20% behind last year’s pace but is 30% of the Nov WASDE forecast. For the products, the weekly report showed 516k MT of meal was sold – a 5-wk high, and 97 MT of net cancelations for soy oil. Traders were looking for  150k-300k MT for meal and >20,000 MT for soy oil. Â
Jan 23 Soybeans  are at $14.34, down 2 cents,
Nearby Cash  is at $14.11 1/8, down 2 cents,
Mar 23 Soybeans  are at $14.39 3/4, down 2 1/4 cents,
May 23 Soybeans  are at $14.47, down 1 3/4 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
/Intel%20Corp_%20logo%20on%20mobile%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
/Nvidia%20logo%20by%20Konstantin%20Savusia%20via%20Shutterstock.jpg)
