Soybean futures are mostly 6 to 7 cents lower at the moment on Thursday. Front Month soy meal is down 80 cents/ton, with soybean oil 14 points in the red. Uncertainty over the ongoing US-China trade dispute is still weighing on the market. Old crop soybean export sales for the week of 6/14 totaled 301,745 MT, edging into traders estimates. That was better than the same week last year. The Netherlands purchased 240,300 MT, with most switched from unknown destinations. China canceled 66,000 MT. Sales of new crop soybeans totaled 227,605 MT. Soy meal sales were tallied at 120,106 MT, as 18,777 MT was reported for soy oil.

Jul 18 Soybeans are at $8.83 1/4, down 6 1/4 cents,

Aug 18 Soybeans are at $8.88 1/2, down 6 cents,

Sep 18 Soybeans are at $8.94, down 6 1/4 cents,

Nov 18 Soybeans are at $9.04, down 6 1/2 cents,

Jul 18 Soybean Meal is at $332.40, down $0.80

Jul 18 Soybean Oil is at $29.23, down $0.14

Market Commentary provided by:

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