Weekly Recap

July Soybean futures moved lower for the second consecutive week, with Aug futures declining by 17¼ cents per bushel and Sep by 18¼. According to NOPA, the June crush came in at a record high for the month, 142.473 million bushels crushed, up 20% from last year, but down 4% from last month. Soybean exports increased 128% from the previous week on the back of strong new crop demand. Old crop shipments…