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Austin Schroeder

MYSTERIOUS: Soybeans popping higher at midday - What They Never Told You

CmdtyView Oil

Soybeans are showing 5 to 6 cent nearby gains across most contract on Friday. The cmdtyView national average Cash Bean price is 5 ½ cents higher at $9.99 ½. Soymeal futures are up $2.50 to $3.30/ton, with Soy Oil futures 30 to 35 points higher. 

Export Sales data from this morning showed a marketing year high in soybean sales at 2.45 MMT in the middle of traders looking for between 1.5-3 MMT in the week of 1/15. That was 18.6% above last week and 63.97% larger than the same week last year.

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