On Thursday, soybean trading exhibited weakness with most contracts declining by 5 to 9.25 cents. The cmdtyView national average cash bean price fell by 9.25 cents to $10.59. Soymeal futures increased by $1.00 to $1.40, while soy oil futures dropped by 30 to 33 points.
The USDA reported that for the week of June 4, 2025/26 soybean sales reached 211,292 metric tons (MT), down 23.68% from the previous week but higher than the same week last year. New crop sales totaled 141,500 MT, a 41.77% decline from the prior week, bringing total new crop sales to 1.032 million MT, a 7.69% decrease year-over-year. Additionally, soymeal sales were recorded at 426,138 MT, well within the expected range, while bean oil sales were at 824 MT.
Brazilian soybean production was reported steady at 180 million metric tons (MMT), while Argentina’s production increased by 2 MMT to 50 MMT. The world carryout for 2025/26 saw a slight increase to 125.52 MMT due to higher Argentine supplies. Currently, July soybean prices stand at $11.13.75, reflecting a decline of 9.25 cents.
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