Learn more

Soy oil futures led the beans higher with 1.3% to 1.4% gains on the day. Soybean futures were 2 to 5 ½ cents higher at the close, ended 0.2% to 0.5% in the black for the day. Soymeal futures closed $0.90 in the red. The weekly Export Inspections data had 674,749 MT of soybean shipments for the week that ended 1/4. The season’s total reached 23.95 MMT via the weekly reports. Census data showed 7.464 MMT of soybeans were officially exported during November. That was down 24% from Nov the year prior and was a 4-yr low for the month. The official Q1 soybean export was 713.3 mbu, compared to 801.8 …

cuu