CBOT Close


August soybeans closed at USD10.44 1/2, up 8 1/4 cents; August soybean meal closed at USD310.50, up USD1.20; August soybean oil closed at 41.63, up 17 points. Average trade estimates for the USDA WASDE report tomorrow are 3.357 billion bushels at an average yield of 43.060 bu/acre. Private exporters announced soybean sales in the amount of 115,000 MT to China bringing China’s US soybean purchase for the week to 799,000 MT.


September corn closed at USD3.95 1/2, up 2 cents; December corn closed at USD4.11, up 2 cents. The average trade estimate for the USDA WASDE report is 13.279 billion bushels with an average yield projected at 164.08 bu/acre. The USDA reported overnight corn sales of 480,000 MT, 180,00 0MT, 174,000 MT, and 103,632 MT to Mexico, Egypt, Unknown and Japan respectively.


Sept CBOT wheat closed at USD6.94 3/4, unchanged; Sept KCBT wheat closed at USD7.10, down 2 1/2 cents; Sept MGEX wheat closed at USD6.98 3/4, down 6 1/2 cents. An existing "unknown" wheat sale for 220,000 MT has been switched to Egypt, said the USDA. Average trade estimates for the US all wheat crop tomorrow are 2.23 billion bushels. US wheat again missed out as Egypt bought 120,000 MT of French wheat today in a tender.