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Barchart
Barchart
Austin Schroeder

THE TRUTH ABOUT: Soybeans rallying at thursday s midday - Caught on Camera

Soybeans Oil CmdtyView Donald Trump

Soybeans are 8 to 10 cents higher across most contracts on Thursday. November options expire on Friday. The cmdtyView national average Cash Bean price is 8 1/4 cents higher at $9.73 3/4. Soymeal futures are up $1.10 on the day, with Soy Oil 90 to 95 points higher, supported by crude oil.

No Export Sales data was released this morning due to the government shutdown, with the trade expecting that between 0.6 and 2 MMT of soybeans were sold in the week ending on October 16. Meal sales are seen at 150,000 to 450,000 MT, with bean oil in the 5,000 to 25,000 MT range.

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