CBOT Close


September soybeans closed at USD10.08, down 10 cents; September soybean meal closed at USD304.20, down USD3.40; September soybean oil closed at 39.48, down 47 points. The market sank on spillover pressure from wheat and steady crop ratings from last night. Outside weakness from lower crude oil and metal futures also weighed.


September corn closed at USD4.24 1/2, down 1 cent; December corn closed at USD4.39 1/4, down 2 1/4 cents. Private exporters announced the sale of 100,000 MT of corn to unknown this morning. Position squaring ahead of month end as well as the weakness in the other grains maybe didn't help too much today.


Sept CBOT wheat closed at USD6.52 1/2, down 18 3/4 cents; Sept KCBT wheat closed at USD6.87 3/4, down 22 3/4 cents, Sept MGEX wheat closed at USD6.96, down 19 cents. Commodity funds sold an estimated 5,000 contracts at CBOT today. There were a hefty 4413 deliveries against the September CBOT contract today, first notice day, with Minneapolis also picking up a heavier than expected 968 contracts.