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Soybean futures closed 10 to 15 cents lower on the day.Trader talk is that only 94,009 MT of soybeans were sold during this weeks Chinese state owned soybean auction, out of 354,000 MT offered. The average price was said to be near 4,113 Yuan, or approximately $665 per ton ($18.09/bushel).Private exporters reported to the USDA export sales of 135,000 MT of soybean cake and meal for delivery to unknown destinations during the 2014/2015 marketing year. The Brugler500 condition index based on USDA condition reports dropped 3 points to 380. That is still the best rating since 1994 (+3 vs. 2004).Nebraska was reported at 53% pod set, up from 32% last week and above the 5 year average of 30%.
Aug 14 Soybeans closed at $12.26 1/2, down 10 cents,
Sep 14 Soybeans closed at $11.21 1/2, down 15 1/2 cents,
Nov 14 Soybeans closed at $10.95, down 12 3/4 cents,
Jan 15 Soybeans closed at $11.02 1/4, down 12 cents,
Aug 14 Soybean Meal closed at $395.40, down $7.40,