Soybeans slipped even further into the Wednesday close, as most contracts were down 10 to 12 cents at the final bell. The cmdtyView national average Cash Bean price was down 12 1/2 cents at $9.68 ½. Soymeal futures were down a dime to $1.40/ton, as Soy Oil was 45 to 82 points lower.
Weekly Export Sales data will be out on Thursday morning, with the trade looking for 300,000 to 600,000 MT in the week of July 3 for old crop, with 50,000 to 400,000 MT seen for new crop. Soybean meal is seen in a range of 125,000 to 950,000 MT in that week and 0 to 30,000 MT for bean oil.
