Soybeans are trading with 9 to 10 ½ cent losses across most contracts on Monday. The cmdtyView national average Cash Bean price is down 10 ½ cents at $9.77 ½. Soymeal futures are mixed, with nearby September down $1.20 and October up $1.20. Soy Oil futures are down 42 to 44 points.
Monday morning’s Export Inspections report showed a total of 382,806 MT (14.07 mbu) of soybeans shipped in the week of 8/21. That is 8.8% below the same week last year and down 23.9% from the week prior. Indonesia was the largest buyer of 84,491 MT, with 83,054 MT shipped to Mexico and 71,495 MT to Italy. Marketing year shipments are now at 49.28 MMT (1.810 bbu), which is 11.5% above the same period last year.
