Soybeans saw fractional losses in some deferreds, with nearbys down 7 ¾ cents on Friday. July was down 9 ¾ cents this week. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $11.25 3/4. Soymeal futures were down $2.20 to $4.30, with July down $2.10 on the week. Soy Oil futures 49 to 102 points higher and July up 374 points this week. Crude Oil was a pressure factor, down $1.14/bbl, money was flowing out ahead of the weekend, with the President looking over the proposed agreement between the US and Iran.
USDA reported a private export sale of 192,000 MT of soybeans to unknown destinations this morning, with 60,000 MMT for old crop and 132,000 MT for new crop.
