Soybean prices experienced modest declines on Thursday, with May 26 contracts closing at $11.63 3/4, down 3 1/4 cents, while nearby cash was at $10.98, a decrease of 3 cents. Deferred new crop contracts showed slight gains, up to 2 cents, and the cmdtyView national average cash bean price dropped to $10.98. Soymeal futures fell between $1.70 and $4.10, while soybean oil futures rose by 105 to 173 points.
In the latest export sales report, 247,886 metric tons of 2025/26 soybeans were sold during the week of April 9, marking a marketing year low for that cycle. Egypt accounted for the largest share of purchases with 58,100 MT, followed by Costa Rica at 50,800 MT. Additionally, soybean meal sales totaled 255,722 MT, falling short of the trade estimate of 300,000 to 600,000 MT.
Brazil’s soybean production remains steady at 177.85 million metric tons and is accompanied by an increased export forecast of 113.6 million metric tons, reflecting a rise of 2.1 million metric tons from prior estimates.
