Soybeans are trading with Thursday losses of 2 to 5 ¼ cents so far at midday, led by the nearbys. The cmdtyView national average new crop Cash Bean price is down 2 cents at $9.70. Soymeal futures are back down $1.70 to $1.90/ton. Soy Oil is trading with 10 to 12 point gains.
USDA’s weekly Export Sales report tallied old crop soybean bookings at 160,872 MT, vs estimates expecting to show between 100,000 and 350,000 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 new crop total was 238,816 MT, below estimates of 250,000 to 500,000 MT. That was a 4-week low.
