Soybeans

Soybean futures are showing fractional gains at the moment. Soymeal is down $2.10/ton, with front month soy oil up 3 points. A private export sale to unknown of 264,000 MT of new crop beans was reported through the USDA’s daily reporting system this morning. This morning’s Export Sales report showed a net reduction of 139,450 MT in old crop sales. Pakistan purchased 248,000 MT, with Bangladesh at 173,100 MT, but a cancelation of 894,500 MT to unknown (previously announced) offset that. New crop sales were reported at just 6,889 MT. Soy meal sales were shown at 196,873 MT, with a 42,641 MT cancelation for 18/19. Sales of soy oil were tallied at 17,698 MT.

Jul 18 Soybeans are at $10.39 3/4, up 1/2 cent,

Aug 18 Soybeans are at $10.43 1/2, up 1/4 cent,

Sep 18 Soybeans are at $10.45 1/2, up 1/2 cent,

Nov 18 Soybeans are at $10.50 1/4, up 1 1/2 cents,

Jul 18 Soybean Meal is at $378.60, down $2.10

Jul 18 Soybean Oil is at $31.73, up $0.03




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