Soybean futures closed Wednesday with slight gains of 1 1/2 to 2 1/4 cents. Oct soy meal was steady, with nearby bean oil down 21 points. The USDA announced a private export sale of 132,000 MT of soybeans to China for 17/18 delivery through their daily reporting system. The USDA is expected to show 1.8-2.2 MMT in Thursday’s Export Sales report. Soymeal is expected to range 75,000-250,000 MT, with trade estimates for soy oil at 0-30,000 MT.
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