USDA Export Sales; Soybean Futures Lower

The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending February 23rd totaled 427,000 tonnes. Sales were up 27 percent from last week. Soymeal sales for the current year totaled 139,500 tonnes. Sales were down 38 percent from last week. Soybean Oil sales for the current year totaled 28,700 tonnes. May Soybeans are trading 1034 1/2, down 7 1/4 cents/bushel. November Soybeans are trading at 1025, down 7 1/4 cents/bushel. May Soymeal is trading at 337.2, down 2.1 $/ton. May Soybean Oil is trading at 34.37, down 0.37 cents/lb.