Front month bean futures are fractionally to 2 3/4 cents higher so far. Soymeal futures are up another $5.50 to $6.30/ton. Bean oil futures are trading with a 65 to 69 point pull back. There have been 76 soymeal deliveries issued against October futures. Preliminary OI is 2,319 contracts as of 9/30. USDA announced a private export sale for 120,000 MT of soybeans to Egypt. Export Sales data had soybean bookings from the week ending 9/24 at 2.591 MMT (42% of sales known). That was just above the trade average guess and 29% above the same week last year. Soybean shipments were reported at 1.14 MMT for the week, pushing MYTD exports to 4.68 MMT. China purchased 1.329 MMT of soybeans. Accumulated soybean commitments to China are 54% of the U.S. total business. Soymeal sales were above pre report expectations as well. 536,675 MT of meal was booked on the week, split 3% and 97% for 19/20 and 2020/21 delivery respectively. A sale for 100k MT was previously reported. Soy oil sales were 6,815 MT mostly switched from China to South Korea. Ahead of today’s fats and oils report traders expect August crush to be 157.7 mbu. Recall NOPA members crushed 165.055 mbu. Soybean oil stocks are estimated at 1.994 billion lbs.

--- provided by Brugler Marketing & Management