Soybeans noticed 3 to six cent features throughout most contracts on Thursday, preventing off noon stress. The cmdtyView Money Bean worth was up 6 1/2 cents to $9.94 1/2. Soymeal futures have been down 20 to 90 cents/ton, with Soy Oil futures again up 74 to 112 factors.
A personal export sale of 225,000 MT of soybeans for 2025/26 was reported by the USDA to Pakistan this morning.
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USDA confirmed a complete of 376,653 MT of soybean booked within the week ending on Might 1, again down from final week and 12.2% under the identical week final 12 months. Mexico was the highest purchaser of 153,800 MT, with unknown locations in for 129,800 MT. China has simply over 66,000 MT left on unshipped gross sales on the books. New crop gross sales have been simply 9,758 MT.
Meal gross sales have been tallied at simply 122,213 MT, with 111,896 MT for the present advertising 12 months, effectively shy of the 200,000 to 400,000 MT estimates. Bean oil bookings have been reported at 15,711 MT, which was on the upper finish of the anticipated vary of between web reductions of 5,000 and gross sales of 20,000 MT.
USDA’s Might WASDE will likely be launched on Monday, with outdated crop anticipated to complete 369 million bushels, a 6 mbu discount from final month. New crop’s first projection is estimated to complete 362 mbu.
Statistics Canada information was launched this morning, displaying canola shares on the finish of March at 5.869 MMT, a 38.7% decline from final 12 months.
The Buenos Aires Grains Trade raised their Argentina soybean crop estimate by 1.4 MMT to 50 MMT.
Might 25 Soybeans closed at $10.36 3/4, up 6 1/4 cents,
Close by Money was $9.94 1/2, up 6 1/2 cents,
Jul 25 Soybeans closed at $10.45, up 5 3/4 cents,
Nov 25 Soybeans closed at $10.25, up 3 cents,
New Crop Money was $9.62 1/1, up 3 cents,
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