Market Overview

USDA Export Sales; Soybean Futures Lower

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The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending December 22nd totaled 974,100 tonnes. Sales were down 46 percent from the previous week and down 40 percent from the four week average. Sales for 2017 to 2018 totaled 5,100 tonnes.

Soymeal sales for the current year totaled 251,200 tonnes. Sales were up 81 percent from the previous week and up 42 percent from four week average. There were 44,500 tonnes sold for 2017 to 2018.

Soybean Oil sales for the current year totaled 18,900 tonnes. Sales were up 26 percent from previous week and down 39 percent the four week average.

March Soybeans are trading at 1009 1/2, down 3 1/4 cents/bushel. March Soymeal is trading at 317.7, down 1.3 $/ton. March Soybean Oil is trading at 34.81, up 0.02 cents/lb.

Posted-In: USDA export salesFutures Commodities Markets

 

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