Soybeans saw lower trade for much of Monday, with contracts fractionally to 5 ¾ cents in the red. The cmdtyView national average Cash Bean price was down 5 3/4 cents at $10.57 1/2. Soymeal futures were down 20 cents to $5.80 in the front months, with Soy Oil futures 44 points higher to 24 points lower.
A private export sale of 264,000 MT of soybeans was reported to unknown destinations by the USDA this morning, all for 2026/27.
The weekly Crop Progress report from NASS showed 92% of the US soybean crop planted by 6/7, up 4% from normal, with 79% emerged and 8 percentage points faster than normal. Condition ratings were down 1% to 65% gd/ex, with the Brugler500 index down 2 points to 367.
USDA’s FGIS tallied soybean export shipments at 398,186 MT (14.63 mbu) during the week ending on June 4. That was down 21.2% from the week prior and 28.8% below the same week last year. Egypt was the top destination of 118,598 MT, with 68,085 MT headed to China and 63,603 MT to Mexico. Marketing year exports for 2025/26 are 36.06 MMT (1.324 bbu) since September 1, which is now 20.3% below the same period last year.
Jul 26 Soybeans closed at $11.15 3/4, down 5 3/4 cents,
Nearby Cash was $10.57 1/2, down 5 3/4 cents,
Aug 26 Soybeans closed at $11.21 1/4, down 4 3/4 cents,
Nov 26 Soybeans closed at $11.35 1/2, down 2 cents,
New Crop Cash was $10.70 3/4, down 2 1/4 cents,
Austin Schroeder
here.