Soybean Futures Higher
November Soybeans are trading at 970 3/4 , up 8 1/4 cents/bushel. January Soybeans are trading at 978 1/4, up 8 cents/bushel. December Soymeal is trading at 302.2, up 1.6 $/ton. December Soybean Oil is trading at 35.00, up 0.62 cents/lb.
Soybean futures are trading near the session highs.
The USDA reported on Friday that soybean export sales as of October 6th are now 53.9 percent of the agency forecast versus the five year average of 56.2 percent. Soymeal sales are 26.4 percent of the forecast versus the five year average of 35.5 percent. Soybean oil sales are 27.1 percent of the forecast versus the five year average of 16.9 percent.
India's edible oil imports during September rose 14.2 percent versus last year and soybean oil imports rose 46 percent.
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