USDA Export Sales; Soybean Futures Higher

The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending January 26th totaled 623,900 tonnes. Sales were up 28 percent from the four week average. There were 351,000 tonnes sold for 2018.

Soymeal sales for the current year totaled 365,000 tonnes. Sales were up 95 percent from the four week average. There were 30,900 tonnes sold for 2018.

Soybean Oil sales for the current year totaled 12,200 tonnes.

March Soybeans are trading at 1040, up 3 1/4 cents/bushel. November Soybeans are trading at 1016 1/4, up 4 1/4 cents/bushel. March Soymeal is trading at 335.9, down 0.1 $/ton. March Soybean Oil is trading at 34.53, up 0.22 cents/lb.