Soyabean futures at the Chicago Board of Trade were mixed on Thursday, with the front months underpinned by firm cash markets, traders said. May soyabeans were up 1 cent at $6.21 per bushel and July was 2 higher at $6.26-1/2 by 10:50 am CDT (1550 GMT). The deferreds were up 1/4 cent to 3-1/2 cents lower. The market got an early lift from firm cash markets underscored by strong commercial stopping of deliveries against the May contract, traders said.
Deliveries on the May were light at 20 lots. But for the third straight day they were met by strong commercial stopping. Blunge took 14 lots on Thursday and a Tenco customer stopped six lots.
Registrations with the CBOT dropped to 1,322 lots from 1,604 late Wednesday.
But a lack of news kept prices range-bound early. The market has kept within recent ranges over the past few weeks, with July trading between $6.60 and $6.15. Fears of fresh buying interest by commodity index funds keeps selling limited despite ample oilseed stocks globally, traders said.
Support also stemmed from a weak dollar.
Updated export sales numbers were viewed neutral to prices.
The US Department of Agriculture said on Thursday US export sales of soya last week totalled 355,800 tonnes (old and new crop combined). That was within trade estimates for 250,000 to 475,000 tonnes.
In overnight export business Taiwan bought 60,000 tonnes of Brazilian soyabeans. Importers have been switching their purchases to South America as a fresh supply of newly harvested beans were available from Brazil and Argentina.
May soyameal was 70 cents higher at $192 per ton, with the back months 60 cents up to 50 cents down.
USDA said US soyameal export sales last week totalled 110,300 tonnes (old crop), which was above trade estimates for 50,000 to 75,000 tonnes.
Once again, there were no deliveries on the May contract - another supportive factor. Registrations with the CBOT were unchanged at 78 lots late Wednesday.
Soyaoil futures set back from Tuesday's fund-led climb when July pushed through its 10- and 20 day moving averages. Export sales numbers were viewed as market neutral.
May oil was down 0.13 cent at 22.56 cents per lb, with the deferreds 0.09 to 0.21 cent lower.
USDA said US soyaoil export sales last week totalled 3,300 tonnes (old crop), within trade estimates for 2,000 to 7,000 tonnes.
There were no deliveries on the May contract. Registrations with the CBOT were unchanged at 1,353 lots.
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