Soybeans closed with contracts steady in some back months to down 7 ¾ cents in the front months on Monday. The cmdtyView national average Cash Bean price was down 8 cents at $11.94 1/4. Soymeal futures were down 60 cents to $2.30, as Soy Oil futures were 24 to 46 points lower.
USDA confirmed another round of private export sales of 114,000 MT of soybeans to China this morning, with another 261,000 MT to unknown destinations. That follows the combined 1.87 MMT in sales announced last week.
