The overnight soy market was 9 to 10 cents lower on profit taking after the President and First Lady tested positive for COVID-19 and began quarantining. Yesterday soybeans closed UNCH. Soymeal futures added to gains, whereas BO futures fell back on Thursday. Chinese markets are closed for a holiday. 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. FAS says 536,675 MT of meal was booked on the week, with 97% for 2020/21 delivery. Soy oil weekly sales were 6,815 MT. 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 shrank 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