USDA Export Sales; Soybean Futures Lower
The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending November 24th totaled 1,399,000 tonnes. Sales were up 26 percent from the previous week and 17 percent from the four week average. There were 66,000 tonnes sold for 2017 to 2017
Soymeal sales for the current year totaled 150,400 tonnes. Sale were down 33 percent from the previous week and 46 percent from four week average.
Soybean Oil sales for the current year totaled 54,500 tonnes. Sales were up sharply from the previous week and the four week average.
January Soybeans are trading at 1029 3/4, down 2 1/2 cents/bushel. January Soymeal is trading at 317.4, down 0.9 $/ton. January Soybean Oil is trading at 36.94, down 0.05 cents/lb.
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