Soybean Futures Trading Higher
August Soybeans are trading at 1060 1/4, up 9 1/4 cents/bushel. September Soybeans are trading at 1045 1/2, up 11 1/2 cents/bushel. November Soybeans are trading at 1036 1/2, up 11 3/4 cents/bushel.
August Soymeal is trading at 371.9, up 4.7 $/ton. August Soybean Oil is trading at 30.03, up 0.24 cents/lb.
Soybean futures are trading higher after Thursday's plunge. Market talk about weather is constant. Some chatter about better demand ahead is starting to show up.
The USDA posted a 130,000 tonne sale of soybeans to China for 2016 to 2017 delivery. The USDA weekly export sales report is due out at 8:30 a.m. ET. The agency's World Agricultural Supply and Demand Estimates Report (WASDE) and crop production data is due out Tuesday at 12:00 p.m. ET.
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