Market Overview

Soybeans Little Changed

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Soybean futures are little changed Friday. July Soybeans are trading at 976 1/4, up 1/4 a cent cents. July Soybean Oil is trading at 31.84, up 0.19. July Soymeal is trading at 315.9, down 0.6. November Soybeans are trading at 952 1/2, up 1/4 of a cent.

On Thursday, the USDA reported weekly soybean exports sales of 314,900 tons. Soymeal sales came in at 137,200 tons and Bean Oil sales were 31,800 tons. Chatter about large supplies in the southern hemisphere continues to keep sellers active on rallies. Market talk about production estimates coming out of Argentina are now close to 60 million tons.

Posted-In: soybeansFutures Commodities Markets

 

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