Soybeans fell lower on Thursday, with contract falling 14 to 16 ½ cents, as August expired down 3 ¼ at $10.08 ½. The cmdtyView national average Cash Bean price was down 16 3/4 cents at $9.65 1/4. Soymeal futures were back down $1.80 to $3.30/ton on the day, with Soy Oil futures down 76 to 140 points. August futures expired across the complex.
Export Sales data showed a total of net reductions of 377,610 MT old crop sales during the week of August 7. That was a MY low, but is fairly normal in the last month of the market year. The Netherlands was the buyer of 68,900 MT, with net reductions were unknown of 184,900 MT and 158,300 MT for Mexico. New crop business exceeded estimates at 1.133 MMT, without China getting involved. That was a MY high and 15% above the same week last year. Unknown was the buyer of 424,200 MT, with 251,100 MT for Mexico.
