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Soybean futures settled 1 3/4 to 3 3/4 lower, with meal down $2.30/ton but soy oil up 50 points. November futures pressed as low as $9.02 before closing at $9.04 3/4. Weekly USDA export inspections showed 291,192 MT, down from last week but more than triple the same week in 2014. YTD shipments are 4.91 MMT (180 mbu.) ahead of year ago for this date. Generally wet weather has slowed planting, but trade estimates were in the 60% vicinity for the weekly USDA report this afternoon. USDA indicated that 61% of the crop was planted as of Sunday, ahead of the 55% average pace.
Jul 15 Soybeans closed at $9.22 1/2, down 1 3/4 cents,
Aug 15 Soybeans closed at $9.13 1/4, down 3 cents,
Sep 15 Soybeans closed at $9.05, down 2 1/2 cents,
Nov 15 Soybeans closed at $9.04 3/4, down 2 1/4 cents,
Jul 15 Soybean Meal closed at $301.90, down $2.30,