Soybeans are posting fractional to 2 cent losses across the front months on Wednesday. The cmdtyView national average Cash Bean price is down 1 ¼ cents at $9.76. Soymeal futures are $6 lower at midday, with Soy Oil futures down 20 points.
USDA’s Export Sales report is expected to show between net reductions of 200,000 MT and sales of 50,000 MT in the week ending on August 21. New crop is seen between 0.45 and 1 MMT in that week. Soybean meal sales are seen between 125,000 MT and 450,000 MT, with soybean oil sales at 0 to 14,000 MT.
