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Barchart
Barchart
Austin Schroeder

EXPLAINED: Soybeans slipping to start thursday trade - The Real Truth

CmdtyView

Soybeans are steady to down 1 ½ cents so far on Thursday morning. Contracts posted Wednesday losses of 3 to 4 ½ cents at the close. Open interest dropped 939 contracts on Wednesday. The cmdtyView national average Cash Bean price was 5 cents lower at $9.87 1/4. Soymeal futures were $4.10 to $5.20 lower, with Soy Oil futures steady to 16 points higher.

Weekly Export Sales data will be released on Thursday morning for the week ending on 11/27, with traders looking for 0.6-2 MMT in soybean sales. Meal sales are seen 200,000-450,000 MT, with 5,000-25,000 MT in bean oil sales. 

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