November Soybeans finished up 3 1/2 at 1348, 23 off the high and 20 1/2 up from the low. January Soybeans closed up 3 at 1365. This was 19 1/4 up from the low and 23 1/4 off the high.

December Soymeal closed down 2.2 at 365.0. This was 4.6 up from the low and 8.5 off the high.

December Soybean Oil finished up 0.33 at 54.93, 0.62 off the high and 0.61 up from the low.

November soybeans opened lower and remained under pressure for most of the session before firming somewhat to close near the middle of the day's range. Funds were sellers today of at least 3000 contracts in soybeans into mid session along with 1000 meal and 2000 oil. Meal and oil were both lower on the day, although the September meal contract rallied to close higher on the day. Tomorrow is first notice day for September contracts and meal deliveries are expected to be light. Meal is also said to be strong due to the fact that tight supplies of soybeans ahead of the late harvest this year have forced crushers and feed users to deplete stocks of meal. Weather was credited for much today's weakness as Iowa, Minnesota and Wisconsin received added rains overnight and northern and western Illinois got beneficial rains this morning. The USDA released its weekly Export Sales Report prior to the opening today and sales were considered weak for soybeans and soy oil and in line with expectations for meal. Net export sales for soybeans came in at -193,300 tonnes for the current marketing year which ends on August 31st, and 336,400 for next year for a total of 143,100. China cancelled 240,000 tonnes for the current year and bought 90,000 tonnes for next year. Net meal sales came in at 34,900 tonnes for the current marketing year which ends on September 30th and 41,000 for the next marketing year for a total of 75,900. Net oil sales came in at -19,300 tonnes for the current marketing year which ends on September 30th and 300 tonnes for next year for a total of -19,000. Mexico cancelled 22,300 tonnes in oil sales for this year. The Census Bureau also released its July crush numbers today. Total crush was 139.1 million bushels which was below trade expectations. Oils stocks were 2.784 billion pounds, which was also below trade expectations and meal stocks were 294,500 tons which was thought to be well below expectations.