On Thursday, August 25, soybean futures experienced mixed trade, with August contracts closing down 1.5 cents at $10.04 1/4, while other contracts rose fractionally to 2 cents higher. The cmdtyView national average new crop Cash Bean price increased by 1.25 cents, reaching $9.73 1/4. Soymeal futures declined between $1.00 to $2.50 per ton, while Soy Oil prices rose by 37 to 53 points.
According to the USDA’s weekly Export Sales report for the week ending July 17, old crop soybean bookings totaled 160,872 MT, marking a 60.8% decrease from the previous week but an 81.5% increase year-over-year. The Netherlands was the largest buyer at 116,800 MT, while Mexico purchased 67,900 MT. New crop sales were reported at 238,816 MT, a four-week low, with an unknown destination leading at 120,000 MT.
Soybean meal sales for the current marketing year reached 182,610 MT, with an additional 91,907 MT for the next marketing year, totaling 274,517 MT, below expectations. Bean oil reported a net reduction of 599 MT for 2024/25, and 1,953 MT for 2025/26, also under the anticipated range.
