Soybeans closed out the Monday session holding onto the losses, as contracts were down 13 to 14 ½ cents. The cmdtyView national average Cash Bean price was down 14 1/2 cents at $9.35 3/4. Soymeal futures were down 70 cents to $4 across the board on Monday, with Soy Oil futures down 45 to 93 at the close.
Crop Progress data showed a total of 61% of the US soybean crop with leaves dropping, 1 percentage point ahead normal. Harvest on par with the average pace at 9% complete. Condition ratings continue to decline, down 2% to 61% gd/ex. The Brugler500 index (using all 5 USDA categories) was down 4 points to 358 and now 4 points below the same week last year.
