date:Jul 02, 2014
BOT November soy closed 70-3/4 cents lower at $11.57-1/4. July soy was 31-1/2 cents down at $14.00-1/2.
With inquiries from China for new-crop soy still strong before the report, traders lifted US new-crop basis offers. October was up the most at 150 over CBOT November, up 15. Soybean export inspections for the week ended June 26 were only 72,804 tonnes, with only 17,088 loaded out of the Gulf.
Corn futures also tanked, with July ending 18-3/4 lower at $4.24-1/4 and December down 22 at $4.25