Soybean futures closed weaker on Friday, with August down 37 cents for the week. Soymeal saw Friday gains, while Soy Oil posted losses. The forecast for the next 7 days shows a drier pattern in certain areas. Managed money speculators added contracts to their net short position. USDA’s Fats & Oils report showed record soybean crush in June. Soybean prices closed steady on Friday.

Read more at Yahoo Finance: Soybeans Fade Back to Close Steady