International Edible Oil Market Report as on 17th March 2017

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Soybean futures finished the day 3 to 3 3/4 cents higher. May 17 is back above the $10 mark. Bean oil was up 4 points and meal futures were $1.70 higher. There was a private exports sale of 120,000 MT of soybeans to unknown destinations for 16/17 reported by the USDA this morning under the daily system. In their weekly export sales report, the USDA announced old crop export sales of 471,572 MT, with new crop at 225,788 MT. Total net sales were 35.4% larger than last week, but 18.8% behind the same time last year.

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