Weekly Recap

Soybean futures closed higher on weekly basis for the first time in three weeks. Prices edged slightly higher for both the Jan and March futures contracts, increasing 7.5 and 6.5 cents per bushel respectively. The January contract closed at $9.96½ per bushel, it’s second weekly close below $10 in the past six weeks. Export sales were down 46% week over week but are running 28% ahead of last season’s pace.  Last week’s sales came in at 979.2…