Soybeans are down 2 to 4 ¼ cents at midday. The cmdtyView national average Cash Bean price is 4 1/4 cents lower at $10.04 1/2. Soymeal futures were $0.90 to $1.50 lower, with Soy Oil futures 40 to 45 points lower.
USDA released Export Sales data for the week ending on 1/23 this morning, with a total of 818,972 MT of soybean sold that week, within estimates of 0.4 to 1.8 MMT in old crop soybean sales. That was just a third of the previous week’s sales, but still more than double the same week last year.
