Soybeans Futures Sharply Lower

Soybean futures extended Friday's losses into Monday and settled sharply lower. August Soybeans settled at 961 1/4, down 30 cents and November Soybeans settled at 933 1/4, down 31 1/4 cents. August Soymeal settled at 344.2, down 10.6 and December Soymeal settled at 321, down 12.4. August Soybean Oil settled at 30.11, down 0.37 and December Soybean Oil settled at 30.48, down 0.37.