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Soybean futures closed 6 to 19 cents lower.The debate continues whether current dry conditions are hurting the crop in the WCB. Cool temps are mitigating moisture stress from what it might otherwise be. Trade ideas for the Thursday morning USDA Weekly Export Sales report are in the 900,000 MT to 1.2 MMT range. Sources expect positive old crop sales, i.e. larger bookings than cancellations or deferrals.Some sources are expecting new crop soybean meal bookings as large as 500-650,000 MT.
Aug 14 Soybeans closed at $12.20 1/2, down 6 cents,
Sep 14 Soybeans closed at $11.02 1/4, down 19 1/4 cents,
Nov 14 Soybeans closed at $10.81 1/4, down 13 3/4 cents,
Jan 15 Soybeans closed at $10.89, down 13 1/4 cents,
Aug 14 Soybean Meal closed at $387.60, down $7.80,