Weaker Soy through Monday Midday

The midday soy complex is working in the red through midday. Soybean oil prices are the weakest with 1.7% to 2.3% losses so far. Beans are trading 0.6% to 0.8% lower through midday. Soymeal prices are also red but the firmest of the complex on 0.4% losses in the front months. 

Weekly USDA Inspections data had 257,547 MT of soybean exports for the week that ended 9/22. That was down from 520k MT last week and from 486k MT during the same week last year. The accumulated export has reached 1.171 MMT through 9/22. 

The CFTC reported managed money as 104,691 contracts net long in soybeans for 9/20. That was a 7,436 contract weaker net long through the week, mainly as long liquidation. 

Nov 22 Soybeans  are at $14.16 3/4, down 9 cents,

Nearby Cash   is at $13.74 3/8, down 8 1/8 cents,

Jan 23 Soybeans  are at $14.21 3/4, down 10 cents,

Mar 23 Soybeans  are at $14.24 1/2, down 10 cents,