Market Overview

USDA Export Sales; Soybean Futures Little Changed

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The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending February 9th totaled 890,000 tonnes. Sales were up 41 percent from the four week average. There were 207,400 tonnes sold for 2018.

Soymeal sales for the current year totaled 121,300 tonnes. Sales were down 65 percent from the previous week and 62 percent from the four week average.

Soybean Oil sales for the current year totaled 9,900 tonnes.

March Soybeans are trading at 1060, down 1 1/4 cents/bushel. November Soybeans are trading at 1033, down 1 1/4 cents/bushel. March Soymeal is trading at 347.9, up 1.0 $/ton. March Soybean Oil is trading at 33.73, down 0.21 cents/lb.

Posted-In: USDA export salesFutures Commodities Markets

 

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