July Soybeans finished down 32 at 1347 1/2, 32 1/2 off the high and 36 1/2 up from the low. November Soybeans closed down 13 3/4 at 1319 1/4. This was 34 1/4 up from the low and 16 off the high.

July Soymeal closed down 6.7 at 345.0. This was 9.9 up from the low and 7.4 off the high.

July Soybean Oil finished down 1.47 at 60.03, 1.75 off the high and 1.01 up from the low.

Soybeans opened lower today and traded in a narrow range into the early mid session. Prices then fell sharply in mid session and on into early afternoon led by weakness in oil and old crop soybeans. Traders indicate that the mid session weakness came in sympathy with a sharp drop in crude oil. Prices firmed into the close, but still finished lower on the day across the complex. Today is the final scheduled day of the strike by farmers in Argentina and there has still been no official word on whether the strike will be extended. Sources in Argentina say that processors and feed mixers had about one week's supply of product at the start of this week. This week's Export Sales Report showed totals that were at the mid point of trade expectations in soybeans and meal and slightly above the high end of expectations in oil. Net soybean sales were 201,400 tonnes in old crop and only 300 tonnes in new crop. Sales of just 35,800 tonnes are needed each week to reach the USDA old crop projection. Total sales to date stand at 98.0% of the projected total compared to a 5-year average of 95.0%. Net meal sales were 115,600 tonnes in old crop and 1,200 tonnes in meal. Sales of 94,700 tonnes are needed each week to reach the USDA projection. Net oil sales were 10,800 tonnes in old crop and zero in new crop. Sales of 16,200 tonnes are needed each week to reach the USDA projection. Total sales to date stand at 74.4% compared to a 5-year average of 54.6%. Basis levels at the Gulf were said to be mainly steady with traders seeing fresh demand today that is lending the cash market there a firmer tone.