Soybeans reverted lower from the midday gains, as contracts were down 5 to 7 cents at the close. The cmdtyView national average Cash Bean price was 5 cents lower at $9.82 1/4. Soymeal futures were 20 cents to $1.30 higher at the close, with Soy Oil futures down 38 to 47 points.
Reuters reported that China bought 10 cargoes of US soybeans this week for March to May shipments. USDA confirmed some of that this morning, with a 336,000 MT private export sale to China. USDA also corrected to the December 30 flash sale of 231,000 MT for unknown to 136,000 MT to China and 206,700 MT to unknown destinations.
