Soybean futures are trading with contracts mostly 2 to 3 cents lower, as August is up ½ cent. Futures posted Thursday losses of 6 to 7 cents at the close of the month. There were another 408 deliveries issued against August soybean futures overnight. The cmdtyView national average Cash Bean price was up 4 cents at $9.34 ¾. Soymeal futures saw gains of $1.10 to $2.00/ton, with Soy Oil posting losses of 92 to 137 points. Another 629 deliveries were issued for August bean meal on Thursday, with 3 issued for August bean oil.
Export Sales data from USDA on Thursday showed 349,164 MT in old crop soybean business for the week ending on July 24. That was a 3-week high and still exceeds the same week last year. Egypt was the buyer of 102,400 MT, with 81,900 MT sold to Mexico. New crop sales totaled 429,457 MT, as back up from the week prior, though China has yet to show up. Mexico was the top buyer of 213,200 MT, with unknown buying 191,500 MT.
