Soy meal was down $4.00/ton, with front month soy oil 2 points lower. Managed money in soybean futures and options added 6,953 contracts to their net long position of 177,047 contracts last week. Meanwhile in soy oil, they were at their largest recorded net short position of -73,540 contracts. No deal was reached in two days of negotiations between the US and China, with both sides suggesting some minor issues had been solved but none of the major requests. BAGE estimated the soybean crop in Argentina at 61.8% complete, in front of the normal pace of 56.4%.