Soybean futures closed mixed on Monday, July 25, with nearby contracts down 3.75 cents at $10.24 1/4, while new crop futures rose by 2 to 3 cents. The cmdtyView national average cash bean price decreased to $9.81 1/2. Additionally, the USDA reported a private export sale of 204,000 metric tons of soybean meal for the 2025/26 season.
The NASS Crop Progress report indicated that 94% of the U.S. soybean crop has emerged, with 17% blooming and 3% setting pods, surpassing the 5-year average. Crop ratings remained steady at 66% good/excellent. According to the USDA’s Grain Stocks report, soybean stocks as of June 1 were 1.007 billion bushels, exceeding estimates by 33 million bushels. The Acreage report revealed 83.38 million acres of soybeans planted, slightly below expectations of 83.5 million.
Export inspections data for the week ending June 26 showed 224,787 metric tons of soybeans shipped, an 11.4% increase from the previous week but a 29.7% decrease year-over-year. Mexico was the leading destination, importing 113,190 metric tons.
