Soyabean futures at the Chicago Board of Trade were higher on Thursday, lifted by supportive weekly export data, traders said.
CBOT soyabean futures were 6 to 17 cents per bushel higher by 10:30 am CDT (1530 GMT). August was up 17 at $6.07 and new-crop November was 8-1/2 higher at $5.65-1/2.
Commercial Produce Grain bought 300 August and 200 November early in the session, floor traders said. Funds were buyers of November.
The USDA early Thursday said US soya export sales last week stood at 349,600 tonnes (old-crop and new-crop combined), above estimates for 50,000 to 250,000 tonnes. Old-crop sales were 64,600 tonnes, with 27,000 to unknown destinations.
Lingering talk of possible US soya sales to China this week was also supportive.
Soyameal futures were 70 cents to $2.50 per ton higher, with support stemming from soyabeans and weekly export data. USDA early Thursday said US soyameal export sales last week were at 112,700 tonnes (old-crop and new-crop combined), above estimates for 30,000 to 60,000 tonnes.
August meal was $2.20 higher at $186.00. Early gains were limited after 20 lots of soyameal were posted for delivery on Thursday, the first deliveries against the contract. CBOT meal registrations increased to 77 late Wednesday, up from the previous 57 lots.
Soyaoil futures were higher on talk US soyaoil was sold to North Africa overnight. Weekly export data was also supportive. The USDA on Thursday said US soyaoil export sales last week were 4,400 tonnes (old-crop), above estimates for 1,000 to 4,000 tonnes. CBOT soyaoil was 0.30 to 0.49 cent per lb. higher, with August up 0.49 at 22.25 cents.
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