Soybeans
BRUG - Thu Aug 17, 4:29PM CDT

Soybean futures posted gains of 5 1/2 to 8 1/2 cents on Thursday. Sep soy meal was up $1.50/ton, with nearby bean oil 36 points higher. This morning, the USDA announced a private export sale of 165,000 MT of optional origin soybeans to China through their daily reporting system. In Export Sales report, they showed old crop soybean sales of 453,220 MT for the week of August 10, which was up 10 fold from last week’s sales and 154.8% larger than a year ago. New crop sales came in at 899,429 MT, a 40.7% increase over a week ago but 43.7% below last year. The lead buyer for both old and new crop was China, as they purchased a total of 737,479 MT. Shipments were up 21.3% wk/wk at 742,769 MT. Total soy meal sales came in at 143,053 MT, with exports at 151,161 MT. Soy oil sales were reported at 26,926 MT, with shipments of 23,523 MT.

Sep 17 Soybeans closed at $9.30 1/4, up 8 1/2 cents,

Nov 17 Soybeans closed at $9.33, up 7 3/4 cents,

Jan 18 Soybeans closed at $9.41 1/4, up 7 3/4 cents,

May 18 Soybeans closed at $9.56 3/4, up 7 3/4 cents,

Sep 17 Soybean Meal closed at $296.10, up $1.50,

Sep 17 Soybean Oil closed at $33.21, up $0.36




Market Commentary provided by:

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