By Austin Schroeder
Soybeans posted gains of 4 to 6 ¼ cents across the nearby contracts on Friday, with January up 12 ¾ cents on the week. The cmdtyView national average Cash Bean price was 6 1/2 cents higher at $10.65 ½. Soymeal futures were down $1.70 to $3.60, with December down 70 cents on the day. Soy Oil futures were 87 to 10 points higher, with December rallying 150 points on the short week. There were 199 deliveries issued against December soybean meal for first notice day, with 447 for bean oil.
USDA reported a private export sale of 312,000 MT of soybeans to China this morning.
USDA’s Export Sales data for the week ending on October 16 was released this morning, with 1.1 MMT of soybean sales in that week. That was in the middle of the trader ideas looking for between 0.6 and 2 MMT. That was the first week to breach 1 MMT this marketing year, at 41.2 above the previous week, yet was still 56.9% below last year. China to that point had yet to make a purchase.
Soybean meal sales were tallied at 543,119 MT, an improvement from the week prior. Bean oil sales were 19,133 MT for 2025/26 in the week of 10/16.
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