Soybean futures ended Thursday with most contracts fractionally to 2 1/2 cents lower. Sept soy meal down $1.20/ton, with nearby bean oil 13 points in the red. There was 1.795 MMT of soybeans exported during July, up 70.66% from July 2016. The USDA is expected to show old crop sales in a range of net reductions of 200,000 MT to 100,000 MT in sales in tomorrow’s export sales report, with new crop coming in at 700,000-1 MMT.
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