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Soybean prices declined on Monday, with the cmdtyView national average cash bean price at $9.34 1/4, down 3.5 cents. Weekly Crop Progress data indicated that 79% of the U.S. soybean crop is dropping leaves, 2 points ahead of the average, while 19% of the crop has been harvested, slightly behind the 20% average pace. Condition ratings improved to 62% good/excellent.
In export activity, USDA reported soybean shipments at 593,956 MT (21.82 million bushels) for the week ending September 25, 5% higher than the same week last year but down 13.1% from the previous week. Germany received the largest quantity at 128,961 MT, followed by Turkey with 72,076 MT. Year-to-date exports for 2025/26 are at 2.246 MMT (82.53 million bushels), 16.4% higher than last year and the largest in five years.
Analysts expect the September 1 soybean stocks to be around 325 million bushels, based on a Bloomberg survey range of 295 to 366 million bushels. Meanwhile, AgRural reports that 3.2% of Brazil’s soybean crop has been planted, ahead of last year’s 2% at the same time.
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