November Soybeans finished down 25 at 1384, 30 1/2 off the high and 21 1/2 up from the low. August Soybeans closed down 22 1/2 at 1394 1/4. This was 21 3/4 up from the low and 27 off the high.

December Soymeal closed down 4.6 at 361.6. This was 8.6 up from the low and 9.2 off the high.

December Soybean Oil finished down 1.65 at 59.85, 2 off the high and 0.33 up from the low.

November soybeans opened higher this morning, but a wave of sell orders took the entire complex lower early in the session. Soybeans traded lower for the remainder of the session and into the close and oil gained on meal in the December contracts. Funds were sellers of about 2000 contracts in soybeans and 1000 each in meal and oil through mid session. The CFTC announced today that it was charging one firm with illegal manipulation in the energy markets. Census crush for June was out today at 140.9 million bushels, about in line with trade expectations. Oil stocks were at 2.894 billion pounds compared to 2.979 the previous month. This is down 13.9% from last year. The Delta saw scattered rain overnight. The 6-10 day forecast calls for continued hot weather and scattered, below normal rainfall which traders expect will result in further deterioration of that region's crop on Monday's Crop Conditions Report. India's weather office said today that monsoon rains were 33% below normal last week. They are nearing the mid point of the monsoon season so there is plenty of time for additional rains to revive stressed oilseed crops. This week's export sales were very strong for soybeans and near the high end of expectations for meal. Net old crop sales for soybeans were 183,000 tonnes with net new crop sales at 552,400 tonnes. Net meal sales were 80,300 metric tonnes for old crop and 88,000 for new crop for a total of 168,300. Oil sales came in at 11,200 metric tonnes for the current marketing year and 8,600 for the next marketing year for a total of 19,800. Basis levels were steady at the Gulf today amid continued quiet short term demand.