International Edible Oil Market Report 5th October 2017

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Soybean futures finished the Wednesday trade session with 2 to 3 cent gains. Oct soy meal was down 40 cents/ton, with nearby bean oil up 48 points. Analysts are projecting 1 to 1.3 MMT in 17/18 soybean export sales for the week of September 28. Soybean sales totaled 2.982 MMT last week, as the week of 9/28 showed 454,000 MT in sales through the USDA daily reporting system. Soy meal sales ideas range from net reductions of 100,000 MT to sales of 300,000 MT.

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