Soybeans Back to Higher Trade on Friday
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Soybeans are experiencing gains of 16 to 17 cents on Friday, with the national average Cash Bean price rising to $11.42 3/4. Soymeal futures increased by $1.50 to $2, while Soy Oil futures rose by 40 to 60 points. Export Sales data shows soybean commitments at 38.92 MMT, down 18% from last year. The USDA's WASDE report is expected to provide updates on US soybean stocks. Current prices for May, July, and November soybeans are $11.89 1/2, $12.09 1/4, and $11.90 1/4, respectively.
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