USDA Export Sales; Soybean Futures Higher

The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending November 3rd totaled 1,001,800 tonnes. Sales were down 60 percent from the previous week and down 49 percent from the four week average. Sales for 2017 to 2018 totaled 102,000 tonnes Soymeal sales for the current year totaled 149,200 tonnes. Soybean Oil sales for the current year totaled 16,300 tonnes. January Soybeans are trading at 1008, up 17 cents/bushel. December Soymeal is trading at 315.6, up 4.2 $/ton. December Soybean Oil is trading at 34.79, up 0.48 cents/lb.