Soybeans were weaker for much of the midweek session with contracts a penny to 5 ½ cents lower at the close. The cmdtyView national average Cash Bean price was down 6 1/4 cents at $12.40 1/4. Soymeal futures were up $4.70 to $12.50 at the close, with Soy Oil futures 120 to 223 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.
