Soybean futures settled 1 lower to 3 higher on Friday. Nearby Soymeal futures were down $3.80/ton, with nearby soy oil down 6 points. The USDA reported private export sales of 121,000 MT of soybeans to unknown and 198,000 MT to China for 17/18 delivery this morning. They also reported 20,000 MT of soy oil sold to unknown through their daily reporting system. Export commitments as of Feb 22 for soybeans were 12.5% lower than the same time last year.
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