Soybeans are holding higher at midday, with 1 to 2 ½ cent gains on Wednesday. The cmdtyView national average new crop Cash Bean price is up 2 1/2 cents at $9.78. Soymeal futures are back down 30 to 40 cents/ton. Soy Oil is back to higher trade at midday, with gains of 56 points.
USDA’s weekly Export Sales date is expected to show between 100,000 and 350,000 MT of old crop soybeans sold in the week ending on 7/17, with 250,000 to 500,000 MT seen for new crop. Soybean meal is expected to see between 250,000 and 550,000 MT, with 0 to 20,000 MT seen for new crop.
