July soybeans opened 3 cents lower on the session this morning at 1306 and established an early range of 1303 to 1321. Trade was mixed to higher early in the soybean complex in contrast to much higher prices in corn and wheat. July soybeans gained on new crop November in early trade and oil gained marginally on meal. This week's export sales for soybeans came in at 41,000 tonnes for old crop and 239,600 tonnes for new crop. Sales of only 21,600 are needed each week to reach the old crop export projection. Total sales to date stand at 98.7% of the projection versus a 5-year average of 94.3%. Net meal sales were 122,200 tonnes for old crop and 12,100 tonnes for new crop. Sales of 91,500 tonnes are needed each week to reach the old crop projections. Total sales to date stand at 75.6% of the projection compared to a 5-year average of 73.5%. Net oil sales were 11,900 tonnes for old crop and zero for new crop. Sales of 12,700 tonnes are needed each week to reach the export projection. Total sales to date stand at 77.8% of the projected total compared to a 5-year average of 55.3%. Venezuela was the biggest buyer in meal and oil and Germany was the biggest buyer in soybeans. The Brazilian version of the USDA - Conab - lowered its estimate of this year's soybean crop from 60 million tonnes to 59.5 million tonnes today. India suspended trade in four futures markets today including soy oil in an effort to curb inflation. The suspension is scheduled to last for four months. Basis levels were steady at the Gulf this morning.