Soybean Futures Losses Accelerate

August Soybeans are trading at 1053, down 25 1/4 cents/bushel. September Soybeans are trading at 1049, down 26 cents/bushel. November Soybeans are trading at 1038, down 28 1/4 cents/bushel. August Soymeal is trading at 363.4, down 9.6 $/ton. August Soybean Oil is trading at 30.72, down 0.22 cents/lb. Soybean futures are trading choppy and the losses have accelerated. The weekly soybean crop conditions report showed 71 percent of the crop was rated good to excellent versus 71 percent last week and 62 percent a year ago. The ten year average at this time of year is 64 percent. There is talk showing up that China's soybean imports for the 2016 to 2017 season will show decline for the first time in 15 years to 81 million tonnes versus 83.3 million tonnes this year.