Soybeans posted losses of 5 to 7 cents across most contracts on Friday, as September and November ended the week with a 1 ¾ cent loss. The cmdtyView national average Cash Bean price was down 7 cents at $9.28 1/4. Soymeal futures were creeping back higher, up 40 to 70 cents at the close, as September was $5.70 higher on the week. Soy Oil futures were down 78 to 88 points on the day, with September posting a weekly loss of 177 points.
Managed money added another 29,619 contracts to their net short position as of August 5, taking the total to 65,930 contracts. Commercials were net short 68,230 contracts by Tuesday a 19,529 contract reduction on the week.
