Soybean Futures Trading Higher

January Soybeans are trading at 1053 1/2 ,up 7 1/2 cents/bushel. January Soymeal is trading at 323.7, up 0.6 $/ton. January Soybean Oil is trading at 37.31, up 0.37 cents/lb. Soybean futures are trading choppy with a wide overnight range. Market chatter about Southern Hemisphere weather and demand for U.S. soybeans is making the rounds. The USDA reported on Friday that soybean export sales for 2016 to 2017 as of November 17th are now 72.4 percent of the agency forecast versus the five year average of 69.7 percent. Soymeal sales for the current year are 42.2 percent of the agency forecast versus the five year average of 46.7 percent. Soybean oil sales for the current year are now 38.7 percent of the forecast versus the five year average of 34.4 percent.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: FuturesCommoditiesMarketsSoybean futures
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!