August Soybeans finished down 18 3/4 at 998 1/4, 17 1/4 off the high and 4 up from the low. November Soybeans closed down 15 1/2 at 966. This was 5 up from the low and 15 3/4 off the high.

    August Soymeal closed down 6.7 at 293.2. This was 1.4 up from the low and 6.4 off the high.

    August Soybean Oil finished down 0.27 at 38.8, 0.39 off the high and 0.13 up from the low.

    November soybeans closed sharply lower on the session and closed at the lowest level since July 14th as a less threatening weather outlook and talk of steady to improving crop conditions helped to pressure. Meal also traded substantially lower on the day, posting a significant loss versus soybean oil in the process. Traders said that today´s weakness stemmed from a favorable weather forecast and ideas that the US soybean crop may have remained steady or slightly improved in quality over the past week. Last week´s good-to-excellent rating in soybeans stood at 67%. Traders noted that the market shrugged of potential support from a lower dollar and a fresh sale of soybeans to China. The USDA announced this morning that 226,000 tonnes of US soybeans were sold to China for delivery during the 2010/11 crop marketing year. This week´s export inspections for soybeans were 6.595 million bushels, down from 9.667 million last week. Inspections need to average 12.105 million bushels each week to reach the USDA´s export projection for the current marketing year.