Soybean prices fell by Rs 22 to Rs 3,637 per quintal in futures trade on Thursday on low demand at the spot market. On the National Commodity and Derivatives Exchange, soybean for the most-traded delivery in September contracts also fell by Rs 22, or 0.06 per cent, to Rs 3,637 per quintal having an open interest of 44,770 lots. Soybean for delivery in October contracts dipped by Rs 23, or 0.66 per cent, to Rs 3,474 per quintal in an open interest of 28,910 lots.

Soybeans futures were down 4 1/4 to 4 3/4 cents per bushel in the front months on Thursday. Meal futures ended lower by $1/ton and soy oil was down 20 points. The weekly Export Sales report indicated net sales of 25,936 MT for old crop soybeans for the week ending 8/15. Germany was the main buyer of 68,500 MT, with unknown destinations cancelling or deferring a net 169,000 MT. New Crop sales beat out the top end of estimates at 792,575 MT, a 3% reduction from last week and 38% above the same week last year. Of this, 421,000 is set for unknown destinations. China officially purchased 9,589 MT in old crop and 66,000 MT for delivery next MY. The ProFarmer Midwest Crop Tour rounded out the last leg in MN and IA on Thursday.