Soybeans saw gains of 6 to 9 cents on Friday, with August up 23 ½ cents for the week. Soymeal futures were $5.30 higher, with soy oil down 40 to 42 points in the front months. Spec traders shifted to a bearish position, adding 26,062 contracts to their net short position in soybean futures and options. Soybean export commitments are at 50.648 MMT, equal to 100% of USDA’s full marketing year projection. Prices closed at $10.27 3/4 for Aug 25 Soybeans, with nearby cash at $9.90 and Sep 25 Soybeans closing at $10.21. Jan 26 Soybeans closed at $10.52 3/4, and new crop cash was $9.86 1/4.

Read more at Yahoo Finance: Soybeans Continue Higher Helped by Meal Gains