USDA Export Sales; Soybean Futures Lower

The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending February 2nd totaled 536,300 tonnes. Sales were down 14 percent from the four week average. There were 129,300 tonnes sold for 2018. Soymeal sales for the current year totaled 347,700 tonnes. Sales were down 5 percent from the previous week but up 35 percent from the four week average. Soybean Oil sales for the current year totaled 35,300 tonnes. March Soybeans are trading at 1054 1/2, down 4 1/4 cents/bushel. November Soybeans are trading at 1024 even, down 4 1/4 cents/bushel. March Soymeal is trading at 339.3, down 1.9 $/ton. March Soybean Oil is trading at 34.81, up 0.12 cents/lb