Soybeans saw mixed trade at Thursday’s close with August down 1 ½ cents and other contracts fractionally to 2 cents higher. The cmdtyView national average new crop Cash Bean price was up 1 1/4 cents at $9.73 1/4. Soymeal futures are back down $1.00 to $2.50/ton. Soy Oil was 37 to 53 points higher.
USDA’s weekly Export Sales report tallied old crop soybean bookings at 160,872 MT in the week ending on 7/17. That was back down 60.8% from last week but up 81.5% from the same week last year. The Netherlands was the top buyer of 116,800 MT, with 67,900 MT sold to Mexico. The new crop total was 238,816 MT, a 4-week low. Unknown destination was the top buyer of 120,000 MT.
