Soybeans experienced losses of 20 to 40 ¾ cents across most contracts on Thursday, with the cmdtyView national average Cash Bean price falling 36 cents to $11.28. Soymeal futures decreased by $3.90 to $6, while Soy Oil futures dropped 44 to 83 points. Meanwhile, USDA reported a private export sale of 252,000 metric tons (MT) of soybeans to unknown destinations, with August futures closing at $11.89 ¾, down 33 ¾ cents.
A meeting between President Trump and China’s President Xi in Beijing concluded early Thursday without detailed outcomes, though Secretary Bessent noted that “soybeans are all taken care of.” The weekly Export Sales report indicated only 102,059 MT of old crop bean sales, marking a low for the 2025/26 marketing year, with Indonesia purchasing 72,600 MT and China 68,600 MT. New crop business amounted to 80,800 MT, all sold to Mexico.
On the Brazilian front, CONAB raised its crop outlook for 2025/26 by 0.98 MMT to 180.13 MMT. Traders await NOPA data, expected to show 214.03 million bushels of soybeans crushed in April, with soybean oil stocks estimated at 1.954 billion lbs.
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