Soybean futures took back the Friday losses with gains of 10 to 13 cents across most front months on Monday Soymeal futures were up 40 cents/ton in the October contract. Soy Oil futures turned around for gains of 90 points in October.

Crop Progress data showed 97% of the US soybean crop setting pods, with 25% of the crop with leaves dropping, up 4 percentage points from the 5-yar average. Condition ratings were changed across the board at 65% gd/ex, with the Brugler500 at 365

This morning’s Export Inspections report from FGIS showed 345,166 MT of soybeans shipped in the week that ended on September 5. That was well shy of the previous week and down 5.22% from the same week last year. A total of 91,709 MT was shipped in the last couple days of the MY, with 262,457 MT inspected for the current MY. Indonesia was the top destination of 67,613 MT, with 58,267 MT headed to China. 

USDA reported another private export sale of 132,000 MT of soybeans to China this morning. 

Stats Canada data showed canola stocks at the end of July at 3.092 MMT, 66.9% larger than the same time last year. 

Sep 24 Soybeans  closed at $10.00, up 10 3/4 cents,

Nearby Cash  was $9.56 5/8, up 13 1/4 cents,

Nov 24 Soybeans  closed at $10.18, up 13 cents,

Mar 25 Soybeans  closed at $10.49 1/2, up 13 cents,

New Crop Cash  was $9.56 5/8, up 13 1/4 cents,