Soybeans are mixed at midday, with front months down 1 to 3 cents and new contracts up 1 to 2 cents. The cmdtyView national average Cash Bean price is down 2 1/2 cents at $10.68 ½. Soymeal futures are down $1.30, with Soy Oil futures back up 115 to 147 points.
The weekly Export Inspections report showed soybean shipments of just 241,045 MT (8.86 mbu) in the week of 6/18. That was up 54.8% from the week prior but 54.8% below the same week last year. Mexico was the largest destination of 72,877 MT, with 69,508 MT shipped to China and 27,399 MT to Indonesia. Shipments for the marketing year are now at 36.848 MMT (1.354 bbu) of soybeans, which is 19.3.01% below the same period last year.
