On Tuesday morning, soybean futures displayed mixed trade, with contracts down by up to 5 ¾ cents. The cmdtyView national average cash bean price decreased by 5 ¾ cents to $10.57 ½. A USDA report indicated a private export sale of 264,000 metric tons of soybeans for the 2026/27 marketing year.
As of June 7, 92% of the U.S. soybean crop has been planted, exceeding normal levels by 4%. However, condition ratings fell to 65% good/excellent. USDA’s FGIS reported soybean export shipments at 398,186 metric tons for the week ending June 4, a decrease of 21.2% from the previous week and 28.8% from the same week last year, with Egypt, China, and Mexico being the top destinations.
In May, China’s soybean imports totaled 11.79 million metric tons, marking a 15.3% decline from the same month in 2022.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
