Soybean futures closed Monday with most contracts 8 to 11 cents lower. Oct soy meal was down $2.40/ton, with nearby bean oil 29 points in the red. A private export sale of 132,000 MT of soybeans to China for 17/18 delivery was shown this morning through the USDA’s daily export system. The US soybean harvest was shown at 22% complete as of the first of October, compared to the average of 26%. Condition ratings for soybeans were 1 point higher on the Brugler500 index at 357.
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