Soy Complex Recap - 8/26/2016

August 26, 2016 10:33AM CDT

September Soybeans finished down 7 1/2 at 990 3/4, 11 1/2 off the high and 8 1/4 up from the low. November Soybeans closed down 8 1/4 at 967 1/4. This was 6 3/4 up from the low and 13 off the high.

December Soybean Oil finished up 0.03 at 33.35, 0.24 off the high and 0.37 up from the low.

December Soymeal closed down 3.3 at 315.5. This was 1.3 up from the low and 4.9 off the high.

Soybeans were pulled lower today by weak grain markets. November soybeans closed at 967 1/4, down 8 1/4 cents on the day. The contract traded to a weekly low of 960 1/2 before rebounding into the close. November beans were down 37 cents on the week, with severe technical damage done to the chart. Chinese soybean auction results had just 97,222 tonnes sold out of 600,000 tonnes offered.

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