Soybeans closed with contracts steady in some back months to down 7 ¾ cents in the front months on Monday. The cmdtyView national average Cash Bean price was down 8 cents at $11.94 1/4. Soymeal futures were down 60 cents to $2.30, as Soy Oil futures were 24 to 46 points lower.
USDA confirmed another round of private export sales of 114,000 MT of soybeans to China this morning, with another 261,000 MT to unknown destinations. That follows the combined 1.87 MMT in sales announced last week.
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The NASS Crop Progress report from Tuesday indicated 64% of the US soybean harvest was complete, now 1 percentage points behind normal and catching up.
The Monday Export Inspections report showed soybean shipments of 2.002 MMT (73.55 mbu) in the week of 10/15. That was 80.4% larger than the week prior, up 25.8% from the same week last year and the largest weekly shipments since November 2024. China was the largest destination of 1.282 MMT, with 213,260 MT shipped to Mexico and 94,911 MT to Japan. Shipments for the marketing year are now at 7.159 MMT (263.06 mbu) of soybeans, which is now 26.6% ahead the same period last year.
Brazil’s soybean crop in the Center-South region is estimated at 26% planted as of Thursday, in line with the 24% pace from last year.
Nov 26 Soybeans closed at $12.53 1/2, down 7 3/4 cents,
Nearby Cash was $11.94 1/4, down 8 cents,
Jan 27 Soybeans closed at $12.68 3/4, down 7 cents,
Mar 27 Soybeans closed at $12.77 3/4, down 6 1/2 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.