date:Dec 21, 2012
wer at $7.94. For Jan. soybean meal futures, the contract traded $4.40 per short ton lower at $432.10. Jan. soybean oil futures traded $0.14 lower at $48.27.
The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the lower overnight markets.
USDA released a bearish Weekly Export Sales Report Thursday. For corn, sales totaled 120,200 mt vs the trade's expectations of between 375,000-550,000 metric tons (mt).
USDA pegged U.S. soybean sales at 62