USDA Export Sales; Soybean Futures Little Higher

The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending February 16th totaled 413,500 tonnes. Sales were down 32 percent from the four week average. There were 28,700 tonnes sold for 2018. Soymeal sales for the current year totaled 223,000 tonnes. Sales were down 16 percent from the four week average. 7700 tonnes were sold for 2018. Soybean Oil sales for the current year totaled 12,700 tonnes. March Soybeans are trading 1015, up 3 1/2 cents/bushel. May Soybeans are trading at 1025 3/4, up 3 1/4 cents/bushel. November Soybeans are trading at 1006 3/4, up 2 1/4 cents/bushel. March Soymeal is trading at 331.1, up 0.3 $/ton. March Soybean Oil is trading at 32.55, up 0.23 cents/lb.