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On Friday, soybeans gained 9 to 10 cents following a production and stocks increase by the USDA. The cmdtyView national average cash bean price rose 9 cents to $9.66 1/4. A private export sale of 22,000 MT of soybean oil to South Korea was reported for the 2025/26 shipment.
The USDA’s monthly Crop Production report recorded a slight yield decrease to 53.5 bushels per acre (bpa) along with increased acreage. U.S. soybean production rose 8 million bushels (mbu) to 4.3 billion bushels (bbu), surpassing estimates, while ending stocks for old crops were reported at 330 mbu, with a projected increase to 300 mbu for 2024/25. World soybean stocks fell to 123.58 million metric tons (MMT), primarily due to declining Argentina stocks.
As of September 25, September soybeans were priced at $10.15 1/4, and November soybeans at $10.42 3/4. Nearby cash prices were at $9.66 1/4.
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