Soybeans Holding onto Friday Gains
Soybeans are holding higher on Friday, with contracts up 4 to 6 cents across most nearby contracts. The cmdtyView national average Cash Bean price is up 4 1/2 cents at $12.00 1/4. Soymeal futures are down 90 cents to $1.50, as Soy Oil futures are down 8 points.
There was no export sale announced for soybeans this morning though a total of 1.488 MMT of sales were announced throughout the week.
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The weekly Export Sales report has accumulated sales (both shipped and unshipped) at 26.2 MMT, which is 81% larger yr/yr. That is 57% of the USDA projected export total mand ahead of the 48% average pace.
Nov 26 Soybeans are at $12.57 1/2, up 4 1/2 cents,
Nearby Cash is at $12.00 1/4, up 4 1/2 cents,
Jan 27 Soybeans are at $12.69 1/2, up 4 3/4 cents,
Mar 27 Soybeans are at $12.77 1/4, up 5 3/4 cents,
Nov 27 Soybeans are at $12.31 3/4, up 3 1/2 cents,
'27 New Crop Cash is at $11.65 1/2, up 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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