Soybean futures are down 13 to 14 cents, with the national average cash bean price at $9.35 1/4. Soymeal futures are down $4 to $4.20, while Soy Oil futures are down 85 to 90 points. Trade is still reacting to the lack of Chinese buying following Trump/Xi phone call.

Export Inspections data showed a drop of 41.1% in soybeans shipped last week, with Egypt, Indonesia, and the UK being top destinations. Marketing year shipments are 25.9% larger year over year. Managed money is back to a net long position, while commercials increased their net short position.

AgRural estimates the Brazilian soybean crop at 09% planted. Nov 25 Soybeans at $10.11 1/2, Nearby Cash at $9.35 1/4, Jan 26 Soybeans at $10.31, and Mar 26 Soybeans at $10.47 1/2.

Read more at Yahoo Finance: Soybeans Posting Double Digit Losses at Midday