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“Soybeans are trading higher this morning following positive Argentinian news,” Total Farm Marketing said. “November is up 5-1/2 cents to $10.14-1/2 while March is up 5 cents to $10.49-3/4. October soybean meal is down $0.10 to $271.60 and October soybean oil is up 0.47 cents to 49.76 cents. Estimates for today’s export sales see soybeans between 500,000 and 1,600,000 tons with an average guess of 950,000 tons. This would compare to 925,000 a week ago and 1,438,000 a year ago.”
