Soybean Futures Decline Amid Mixed Export Insights

Soybean futures closed the Monday session with contracts decreasing by 1 to 3 cents. CmdtyView’s national front-month Cash Bean price fell by 2 1/4 cents to $9.47. Meanwhile, soymeal futures dipped $1.10 to $2.70 per ton in the front months, while soy oil futures saw an increase of 13 to 24 points by the end of the session.

USDA Weekly Export Inspections and Trends

The USDA reported that for the week ending March 20, total soybean shipments reached 822,214 MT (30.21 million bushels). This figure reflects a 25% rise compared to the previous week and is 4.7% higher than the same week last year. Despite ongoing tariffs, China remained the leading destination, importing 404,561 MT, followed by Egypt with 107,955 MT and Mexico with 71,685 MT. In this marketing year, shipments have totaled 39.932 MMT (1.467 billion bushels), marking a 9.2% increase compared to the same period in 2024.

2024/25 Soybean Crop Estimates

AgRural has revised the estimate for the 2024/25 soybean crop to 165.9 MMT, a decrease of 2.3 MMT from its prior projection. This year’s crop is currently 77% harvested, up from 69% at this time last year.

Market Closing Prices

May 25 Soybeans closed at $10.07 1/4, down 2 1/2 cents.

Nearby Cash was recorded at $9.47, down 2 1/4 cents.

Jul 25 Soybeans ended at $10.19 1/2, down 2 cents.

Nov 25 Soybeans closed at $10.06 1/2, down 1 1/4 cents.

New Crop Cash was $9.43 1/2, down 1 1/4 cents.

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are intended solely for informational purposes. For further details, please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.