Soybean futures finished the day with most contracts 1/2 to 2 cents in the red. Sept soy meal was down $2.00/ton, with nearby bean oil 20 points higher. The USDA reported a private export sale of 352,000 MT of soybeans to unknown destinations for 17/18 delivery through their daily system. The Export Inspections report showed soybean shipments 55.61% above last week and 16.62 larger than a year ago at 1.11 MMT. Soybeans showed 22% dropping leaves, vs. the average of 25% for this date. Conditions fell 1% to 60 gd/ex, as the Brugler500 Index was down 2 points to 356. Ahead of Tuesday’s USDA supply and demand report, traders are estimating 17/18 world soybean ending stocks will show a slight reduction from August, at 97.2 MMT.

Sep 17 Soybeans closed at $9.54 3/4, down 1 3/4 cents,

Nov 17 Soybeans closed at $9.60, down 2 cents,

Jan 18 Soybeans closed at $9.70, down 2 cents,

May 18 Soybeans closed at $9.87 1/4, down 1 1/2 cents,

Sep 17 Soybean Meal closed at $298.90, down $2.00,

Sep 17 Soybean Oil closed at $34.79, up $0.20

Market Commentary provided by:

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