International Edible Oil Market Report 14th September 2017

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Soybean futures closed Wednesday with most contracts 5 1/2 to 10 cents higher. on bargain hunting following yesterday’s bearish report. Sept soy meal was up $5.20/ton, with nearby bean oil down 12 points. The USDA announced a private export sale of 167,370 MT of soybeans to Mexico for 17/18 delivery through their daily reporting system. Traders are projecting Thursday’s Export Sales report to show 1-1.3 MMT in 17/18 soybean sales.

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