Soybean prices saw losses on July 26, with most contracts closing down between 4 ¼ to 12 cents. The cmdtyView national average cash bean price dropped 9 1/4 cents to $11.37 3/4. Soymeal futures declined by 10 cents to $1.40, while soy oil futures fell between 32 to 78 points. This decline is attributed to crude oil prices decreasing by $5.07 amidst advancing negotiations between the U.S. and Iran.
The USDA is expected to release export sales data on Thursday, with analysts predicting sales between 150,000 MT to 450,000 MT for 2025/26. New crop sales may vary from 0 to 200,000 MT. Additionally, soybean meal sales are anticipated at 200,000 to 600,000 MT, with bean oil projections indicating net reductions of 5,000 MT to sales of 12,000 MT.
In international data, Abiove estimates Brazil’s soybean exports for 2026 at 114.1 million metric tons (MMT), slightly up from earlier forecasts. Chinese imports of U.S. soybeans reached 3.33 MMT in April, contributing to total soybean imports of 8.48 MMT that month, including 4.75 MMT from Brazil.
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