Soybeans are continuing the weaker trade so far on Friday, with contracts 3 to 4 cents lower. The cmdtyView national average Cash Bean price is 3 1/4 cents lower at $9.78 1/4. Soymeal futures are down 50 cents to $1.10, with Soy Oil futures down 31 to 33 points.
USDA reported another private export sale of 134,000 MT of soybeans to China this morning.
Weekly Export Sales data from Thursday has accumulated sale commitments, both shipped and unshipped are now 21.829 MMT (802 mbu), which is 39.3% below the same period last year. Much of that lag is to China, as commitments are down 14.14 MMT, with 13.4 MMT being China.
Sinograin, a China state stockpiler, sold 179,702 MT in their auction on Friday, nearly a third of the offered amount.
Jan 26 Soybeans are at $10.49 1/4, down 3 cents,
Nearby Cash is at $9.78 1/4, down 3 1/4 cents,
Mar 26 Soybeans are at $10.59, down 3 cents,
May 26 Soybeans are at $10.70, down 3 1/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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