Soybeans Lower on Friday

Soybean futures are down 10 to 12 cents in most front months on Friday. Soybean meal is down $1.50/ton, with soy oil 12 points lower. The latest Export Sales report from USDA showed 867,564 MT of soybeans sold in the week of June 27. That was a 13-week high, thanks to a large sale to China (a weekly total 607,328 MT), and 54.5% larger than the same week last year. New crop sales totaled 161,500 MT. Soy meal sales totaled just 25,351 MT, a MY low, with soy oil at 19,735 MT.

JUL 19 Soybeans closed at $8.75 1/4, down 10 cents,

AUG 19 Soybeans closed at $8.78 1/4, down 11 1/2 cents,

SEP 19 Soybeans closed at $8.84 1/2, down 11 3/4 cents,

NOV 19 Soybeans closed at $8.96 1/2, down 12 1/4 cents,

JUL 19 Soybean Meal closed at $304.50, down $1.50,

JUL 19 Soybean Oil closed at $27.90, down $0.12

--provided by Brugler Marketing & Management

Market Commentary provided by:

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