Soybeans closed with Thursday gains of 9 ¼ to 15 ¼ cents at the close. The cmdtyView national average Cash Bean price was up 9 1/4 cents at $11.34. Soymeal futures were up $1.10 to $3.80, with Soy Oil futures 86 to 147 points higher.
Export Sales data will be out on Friday, due to the Monday holiday. Trades are looking for old crop bean sales to be between 150,000 and 400,000 MT in the week of 5/21, with new crop seen 0-300,000 MT. Soybean meal sales are estimated to total 250,000 to 800,000 MT, with bean oil sales seen at net reductions of 5,000 to net sales of 16,000 MT.
