Soybeans posted losses of 5 to 6 cents in the front months on Monday. The cmdtyView national average Cash Bean price was 5 1/2 cents lower at $9.92 1/4. Soymeal futures were down $2.00 to $5.60, with Soy Oil futures steady to 10 points lower on Monday.
Export Inspections data showed soybean shipments at 1.324 MMT (48.7 mbu) shipped in the week that ended on January 22. That was down 1.54% from the week prior, but 79.45% above the same week last year. China was the top destination of 897,459 MT, with 102,064 MT to Mexico and 67,547 MT to Italy. Marketing year shipments have totaled 20.67 MMT (759.4 mbu), which is up 37.5 yr/yr.
