Soybean futures are trading mixed on Thursday morning, following a decline of 4 ¼ to 12 cents across most contracts on Wednesday. The cmdtyView national average cash price dropped 9 ¼ cents to $11.37 ¾. Open interest decreased by 1,926 contracts, with July seeing an exit of 7,521 contracts while November gained 3,842 contracts. The market is under pressure from a $5.07 drop in crude oil amid ongoing US-Iran negotiations.
The USDA will release export sales data today, with estimates for 2025/26 total sales ranging from 150,000 MT to 450,000 MT. Brazilian soybean exports are projected by Abiove at 114.1 MMT for 2026, with crush expected at 62.5 MMT and stocks at 8.25 MMT. In April, China imported 3.33 MMT of soybeans from the US, contributing to a total import increase of 8.48 MMT, including 4.75 MMT from Brazil.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
