Soy futures u

U.S. Department of Agriculture data showed weekly soybean export sales at 1.18 million metric tons, exceeding analyst forecasts and adding upward pressure on soy futures. Soybeans saw late session buying, with contracts closing 10 to 12 cents higher. The cmdtyView national average Cash Bean price was 10 cents higher at $9.35. Soymeal futures were down $1 in the nearby October contracts, as other contracts were steady to 80 cents higher. Soy Oil futures were 73 to 93 points higher. The August soybean CFR China (Brazil) premium was assessed at 208 cents per bu over August CME futures, 12 cents per bu lower from the previous assessment and equivalent to an outright price of $456.25 per tonne. Global soy futures markets are reacting to currency fluctuations, with weaker Brazilian Real increasing export competitiveness and pressuring U.S. contract premiums.