On July 26, soybeans experienced a decline in trading, with July contracts closing at $11.15 ¾, down 5 ¾ cents. The cmdtyView national average cash bean price also decreased by the same margin, settling at $10.57 ½. Soymeal futures dropped 20 cents to $5.80, while soy oil futures varied between 44 points higher to 24 points lower.
The USDA reported a private export sale of 264,000 metric tons of soybeans for the 2026/27 marketing year to unknown destinations. Additionally, the latest Crop Progress report indicated that 92% of the US soybean crop was planted as of June 7, 4% ahead of normal, with 79% emerged, 8 percentage points faster than typical. However, condition ratings dropped 1% to 65% good/excellent.
In terms of exports, USDA’s FGIS counted soybean shipments at 398,186 metric tons (14.63 million bushels) for the week ending June 4, down 21.2% from the previous week and 28.8% from the same week last year. The leading destinations were Egypt (118,598 MT), China (68,085 MT), and Mexico (63,603 MT). Cumulative exports for the marketing year 2025/26 stand at 36.06 MMT (1.324 billion bushels), which is 20.3% lower compared to the same period last year.
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