**Soybean Market Update: May 26**
On May 26, soybean contracts closed mixed, with old crop prices down by ¼ to 1 ½ cents and new crop prices up by 1 ¾ to 3 cents. The cmdtyView national average cash bean price decreased by 2 ¼ cents to $11.23 ¼ per bushel. Soymeal futures fell by 10 cents to $5.70, while soy oil futures increased by 42 to 105 points. Notably, there were no soybean delivery notices on the first notice day, with 400 notices issued for May soybean oil.
According to the USDA’s weekly Export Sales report, 2025/26 soybean sales were recorded at 258,066 metric tons (MT), a 30.47% decline from the same week last year and the second lowest of the marketing year. China was the largest buyer at 199,200 MT, with significant sales also going to Egypt (112,100 MT) and Indonesia (70,800 MT). New crop sales were only 2,980 MT, below the anticipated range.
Soybean meal sales totaled 295,180 MT, aligning with expectations, while bean oil bookings amounted to 3,446 MT. Additionally, EIA data indicated that soybean oil usage for biodiesel reached a seven-month high of 1.058 million pounds in February, comprising 44.34% of overall feedstock for biodiesel production.
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