Market Overview

Soybean Futures Little Higher

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March Soybeans are trading at 1054, up 3 1/2 cents/bushel. November Soybeans are trading at 1026 3/4, up
3/4 of a cent/bushel. March Soymeal is trading at 340.0, up 1.6 $/ton. March Soybean Oil is trading at 34.53, down 0.14 cents/lb.

The USDA reported on Thursday that export sales the current marketing year as of February 2nd are now 91.4 percent of the agency forecast versus the five year average of 86.9 percent. Soymeal sales are 66.8 percent of the forecast versus the five year average of 64.1 percent. Soybean oil sales are 71.2 percent of the forecast versus the five year average of 57.3 percent.

Soybean ending stocks are 420 million bushels, global ending soybean stocks are 80.38 million tonnes.

Posted-In: Soybean futuresFutures Commodities Markets

 

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