date:Mar 08, 2013
ch soybean meal futures, the contract traded $2.00 per short ton higher at $437.30. May soybean oil futures traded $0.03 cents higher at $50.29.
The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.
On Thursday, the USDA released bullish numbers for soybean and wheat markets in its Weekly Export Sales Report.
For U.S. corn sales, USDA estimates them at 156,600 metric tons vs. the trade's expectations of