Soy futures were fractionally mixed in the deferred months, but closed where they started the day in the first three contracts. Soymeal futures ended the day up $4.80 to $5.30/ton in the front months. Bean oil futures however fell back by 70 to 72 points. There have been 76 soymeal deliveries issued against October futures. Preliminary OI is 2,319 contracts as of 9/30. USDA announced a private export sale for 120,000 MT of soybeans to Egypt under the daily reporting system. Weekly Export Sales data had soybean bookings from the week ending 9/24 at 2.591 MMT (42% of sales known). That was above trade estimates and 29% above the same week last year. MYTD soybean shipments exports were 4.68 MMT via weekly data. Soymeal sales were above pre report expectations as well. FAS says 536,675 MT of meal was booked on the week, split 3% and 97% for 19/20 and 2020/21 delivery respectively. A sale for 100k MT was previously reported. Soy oil sales were 6,815 MT mostly switched from China to South Korea. The monthly Fats and Oils report has official crush data for 2019/20. August crush was on the light side of expectations with 174.7 mbu. That brought the 2019/20 MY crush to 2.164 billion, compared to the Sept WASDE forecast of 2.180 bbu. Soybean oil stocks fell back 165 million lbs from July to August, ending the month at 1.958b lbs. StoneX lowered their national bean crop estimate to 4.351 bbu on a 52.4 bpa yield.

--- provided by Brugler Marketing & Management