Soybeans are trading with contracts up 3 to 5 cents at Friday’s midday. CmdtyView’s national front month Cash Bean price is up 3 3/4 cents at $9.31. Soymeal futures are up 50 cents/ton, with Soy Oil futures down another 32 points.
USDA reported a private export sale of 198,000 MT of 2024/25 soybeans this morning to unknown destinations.
The weekly Export Sales report has the MY soybean shipments at 17.395 MMT, 12% above a year ago and 35% of USDA’s full year 1.825 bbu projection vs. the 32% average pace. Commitments are now 31.584 MMT, 9% above the same week last year. That is 64% of the USDA projection, behind the 67% average pace.
Jan 25 Soybeans are at $9.81 1/2, up 3 3/4 cents,
Nearby Cash is at $9.31, up 3 3/4 cents,
Mar 25 Soybeans are at $9.90, up 4 3/4 cents,
Jul 25 Soybeans are at $10.15 3/4, up 4 1/4 cents,
On the date of publication, Austin Schroeder 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. For more information please view the Barchart Disclosure Policy here.
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