Soybean CBOT futures 5 to 6 cents low.

Soybean futures are mostly 5 to 6 cents lower, after gains of 3 1/4 to 5 1/2 cents on last week. USDA increased both old crop and new crop ending stocks by 15 million bushels via a 15 mbu cut in old crop crush use. That put the 2017/18 ending stocks at 495 mbu. Meanwhile, 2016/17 world ending stocks are estimated at 93.21 MMT, up 3.11 MT from the May projection. The 2017/18 world ending stocks were seen rising 3.41 MMT to 92.22 MMT. USDA hiked projected Brazilian production 2.4 MMT to 114.0 MMT.