Soybeans are trading with contracts 8 to 9 cents in the red at midday. The cmdtyView national average Cash Bean price was down 8 3/4 cents at $12.38 3/4. Soymeal futures are up $8.20 to $9.20, with Soy Oil futures 200 to 219 points lower.
Weekly Export Sales data from USDA will be out on Thursday, as traders polled by Reuters are looking for a range of 0.45 to 1.2 MMT of soybean sales in the week of 10/1. Soy meal sales are seen between 150,000 and 300,000 MT, with bean oil sales expected in a range of 0 to 3,000 MT.
