Soybeans Lower on Wednesday

Soybean futures are down 9 to 11 cents in the front months at midday Soymeal is down $5.20/ton, with bean oil 4 points lower. Analysts expect USDA to show 100,000-400,000 MY in old crop soybean export sales during the week of 6/13. New crop bookings are seen at 100,000-400,000 MT. Meal sales are estimated at 100,000-400,000 MT, with soy oil sales expectations at 5,000-25,000. The national average soybean price index according to cmdtyView is $8.29 1/4, just a 1/4 cent lower than the same day last year. Their national average basis index is 16 cents weaker, however, at -76 cents.

Jul 19 Soybeans are at $9.04, down 9 1/2 cents,

Aug 19 Soybeans are at $9.10 1/4, down 10 cents,

Sep 19 Soybeans are at $9.16 1/4, down 11 cents,

Nov 19 Soybeans are at $9.30, down 10 1/4 cents,

Jul 19 Soybean Meal is at $316.80, down $5.20

Jul 19 Soybean Oil is at $28.29, down $0.04

--provided by Brugler Marketing & Management

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