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Soybean futures closed mostly 11 cents lower on the day. Trade expectations for the weekly USDA Export Sales were 850,000 MT to 1.6 MMT for soybeans. USDA put the actual figure for soybeans at 1,468,500 MT.There were also 110,000 MT of soybean sales to China announced under the daily reporting system, following more than 600 thousand MT announced yesterday. This is more of the commitment signed earlier in the week in Milwaukee. Soybean export sales commitments (shipments and contracts) already cover 55% of the USDA forecast for the year. They are well ahead of the 48% average for this date.
Nov 14 Soybeans closed at $9.71 1/2, down 11 cents,
Jan 15 Soybeans closed at $9.79 1/2, down 11 1/4 cents,
Mar 15 Soybeans closed at $9.87, down 11 3/4 cents,
May 15 Soybeans closed at $9.94 1/4, down 12 cents,
Oct 14 Soybean Meal closed at $328.80, down $7.60,