Soybeans posted Thursday losses of 6 to 7 cents at the close of the month. The cmdtyView national average Cash Bean price was up 4 cents at $9.34 ¾. Soymeal futures saw gains of $1.10 to $2.00/ton, with Soy Oil posting losses of 92 to 137 points.
Export Sales data from USDA this morning showed 349,164 MT in old crop soybean business, exceeding estimates of 100,000 to 300,000 MT for the week ending on July 24. That was a 3-week high and still exceeds the same week last year. Egypt was the buyer of 102,400 MT, with 81,900 MT sold to Mexico. New crop sales totaled 429,457 MT, which was in the middle of analysts looking for between 100,000 to 600,000 MT. That was back up from the week prior, though China has yet to show up. Mexico was the top buyer of 213,200 MT, with unknown buying 191,500 MT.
