Soybeans are posting 4 to 5 cents across the front months on Thursday’s midday. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures are up 40 to 20 cents lower in the front months, with Soy Oil futures 85 to 90 points higher.
Analysts are looking for USDA to report between 375,000 MT and 1.2 MMT of soybean sales in the week ending on February 12 in Friday’s Export Sales report. Meal is seen at 220,000-450,000 MT, with bean oil net reductions of 10,000 to sales of 16,000 MT.
