Soybean futures closed lower on Friday, with contracts down 5 to 6 cents, pushing November down 27 ½ cents for the week. The Cash Bean price was $9.49 1/2. Soymeal futures were higher by 40 cents to $1.10, while Soy Oil futures were 67 to 70 points lower. USDA reported private export sales of 123,000 MT of soybeans to unknown destinations. Export Sales data showed net reductions of 23,775 MT in the week of 8/28. Weekly CFTC data indicated managed money trimming back 8,854 contracts from their net long position in soybean futures and options to 11,964 contracts as of 9/2.

Read more at Yahoo Finance: Soybeans Push Lower into the Close to Deepen Week’s Losses