Soybeans are down 3 to 8 cents across most contracts on Monday. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $11.25 3/4. Soymeal futures are down $2.80 to $4, with Soy Oil futures 119 to 131 points higher.
Export Inspections data showed 494,286 MT (18.16 mbu) of soybeans shipped in the week that ended on May 28. That was down 16.1% from last week but 64% higher than the same week last year. China was the top destination of 206,771 MT, with 110,873 MT to Egypt and 79,933 MT to Japan. Marketing year shipments have totaled 35.648 MMT (1.309 bbu), which is down 20.2% yr/yr.
