Soybeans closed the Friday session with contracts steady to 1 ½ cents lower, as September was ¼ cent higher. July options expired today, with FND on Tuesday. July was up 3 ½ cents this week, with November 13 ½ higher. The cmdtyView national average Cash Bean price is down 2 1/2 cents at $10.76 1/4. Soymeal futures were down 40 cents to $1.80 on the day, with July hold on for a $5.70 gain this week. Soy Oil futures saw front month gains of 2 to 49 points, with deferred contracts were down 10 to 48 points, as July was 161 points higher since last week.
Friday’s Commitment of Traders report showed spec traders trimming their net long in soybeans by 16,139 contracts, taking the net long to 36,679 contracts That came mainly via longs exiting, down 15,872 contracts.
