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Soybean futures lost another 5 1/2 to 7 1/2 cents on the session. The November contract lost 60 cents during the month of August. USDA announced another 187,000 MT of soybean exports were booked for delivery to China during the new crop year. DTN’s latest national average cash price for soybeans is $9.17 3/4, the lowest calculation since April of this year. The national average basis has been getting stronger since last Wednesday.
Sep 16 Soybeans settled at $9.60, down 5 1/2 cents,
Nov 16 Soybeans settled at $9.43, down 7 3/4 cents,
Jan 17 Soybeans settled at $9.46, down 7 1/2 cents,
Mar 17 Soybeans settled at $9.48 1/4, down 6 3/4 cents,
Sep 16 Soybean Meal settled at $312.20, down $1.60,