Soybeans are posting 9 to 12 cent gains on Thursday as futures bounce back. CmdtyView’s national front month Cash Bean price is up 9 cents at $9.10 ¼. Soymeal futures are up $5.30/ton. Soy Oil futures are 43 points higher on the session.
USDA reported a private export sale of 227,200 MT to unknown destinations this morning, with 152,200 MT for 2024/25 and 75,000 MT for 2025/26.
This morning’s USDA Export Sales report tallied soybean bookings for 2024/25 at 1.424 MMT, which was in the middle of the trade range of analysts’ estimates of 0.825 and 2 MMT during the week of 12/12. That was a 21.3% increase over the previous week, but the third lowest total this marketing year. The largest buyer was China at 648,200 MT, with 374,500 MT sold to unknown destinations.
Meal sales totaled 261,586 MT in that week, which was in the range of the 150,000-400,000 MT expectations and a 48.4% jump from the previous week. Bean oil sales were just 6,307 MT, on the bottom end of the 5,000 to 75,000 MT estimates and a 9-week low.
Jan 25 Soybeans are at $9.61, up 9 1/4 cents,
Nearby Cash is at $9.10 1/4, up 9 cents,
Mar 25 Soybeans are at $9.64 1/2, up 11 1/4 cents,
Jul 25 Soybeans are at $9.83, up 11 1/2 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. More news from BarchartThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
