Soybeans were weaker early on during the Thursday session, but contract came back to close with 1 to 2 cent gains in the nearbys. September was an exception, down 4 cents on thin trade. The cmdtyView national average Cash Bean price was up 1/2 cent at $9.55 3/4. Soymeal futures were steady to $3.50 higher on the day, with Soy Oil futures 7 to 13 points at the close. There were 13 deliveries against September meal overnight, with 82 issued for September bean oil.
Export Sales data will be released on Friday morning due to the Monday holiday. Analysts surveyed by Reuters are looking for old crop to total between net reductions of 300,000 MT and sales of 50,000 MT. New crop is seen between 0.6 and 1.6 MMT in the week of August 28. Soybean meal sales are expected to be in the middle of 100,000 MT and 450,000 MT. Bean oil sales are estimated in a range of 0 to 22,000 MT.
