USDa export Sales; Soybean Futures Higher

The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending October 13th totaled 2,008,150 tonnes. Sales were up 42 percent from the previous week and up 30 percent from the four week average. Soymeal sales for the current year totaled 398,000 tonnes. Soybean Oil sales for the current year totaled 300 tonnes. November Soybeans are trading at 986, up 4 1/2 cents/bushel. January Soybeans are trading at 994 3/4, up 4 1/4 cents/bushel. December Soymeal is trading at 309.0, up 2.6 $/ton. December Soybean Oil is trading at 35.27, down 0.13 cents/lb.