US export soybean sales have down from prior week.

Old-crop soybean sales of about 8.6 million bu. were down 23% from the prior week but matched trade forecasts. Germany, the Netherlands and Bangladesh led buyers. Most of the attention in soybeans is on the new crop year, which starts Sept. 1. New-crop sales of 13.5 million bu. also were down from the prior week and were led by China, unknown destinations and Thailand. Soybean oil sales for the 2016-17 crop year of 10,700 metric tons were down 28% from the prior week but within forecasts, with Mexico, Guatemala and Canada as the leading buyers. Soybean meal export sales 87,100 metric tons were sharply up from the prior week. New-crop business of 57,700 MT was up slightly from a week ago, with Colombia, El Salvador and the Dominican Republic as the leading buyers.