New lows for new crop soybeans. Friday may be quiet with a three day weekend ahead.

July traded fairly well today. At one point today this market was -19 1/2. On that move it came within 1/4 cent of the two prior 1304 3/4 lows. The day's end, a positive close, would be seen as a rejection of lower trade. November did break prior lows. push to new lows for this downtrend. It also posted a new low-close. Export sales remain poor and we'll wrap up planting with no real problem pace. The trade is not yet ready to start discussing weather based yield risk.

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