John Heinberg at Total Farm Marketing said, “Soybeans ended the day higher in continued rangebound trade which has seen November soybeans between $10.05 and $10.20 over the past few days. November gained 3-1/4 cents to $10.12-1/4 while March gained 2-3/4 cents to $10.47-1/2. October soybean meal lost $3.10 to $268.60 and October soybean oil gained 0.45 cents to 49.74 cents.” Chad Pater at CHS Hedging said, “In today’s drought monitor report, soybean acres in drought rose to 37%, up 1% from last week. Last year at this time, 30% of the acres were in drought.” John Heinberg at Total Farm Marketing said, “Today’s export sales report saw soybean sales within trade estimates with an increase of 26.6 million bushels for 25/26 and none for 26/27. Top buyers were Egypt, Taiwan, and Mexico. Last week’s export shipments of 18.8 mb were below the 32.1 mb needed each week to meet the USDA’s export estimates.”