Soybean Futures Rise Amid Strong Export Sales Report
Market Overview
Soybean futures increased by 3 to 6 cents at midday on Thursday. The cmdtyView Cash Bean price rose by 5 3/4 cents, reaching $10.19 1/4. Additionally, soymeal futures gained $4.70 per ton, while soy oil futures decreased by 84 points.
USDA Export Sales Report
Today’s USDA Export Sales report revealed that 307,939 MT of old crop soybean sales for the week ending May 15 surpassed trade expectations of 100,000 to 300,000 MT. This figure marks a 9% increase from the prior week and is 10.2% higher than the same week in 2024. Mexico emerged as the largest buyer, acquiring 134,100 MT, with another 43,000 MT sold to an unknown destination. Sales for the 2025/26 crop year were recorded at 15,000 MT, falling short of the estimates ranging from 90,000 MT to 400,000 MT.
Other Sales Figures
Soybean meal sales amounted to 382,652 MT for the current marketing year, aligning with trade estimates of 100,000 to 450,000 MT. Meanwhile, bean oil sales were reported at 13,660 MT, fitting within expectations of zero to 32,000 MT.
International Production and Stocks
The International Grains Council’s recent report maintains world soybean production at 428 MT, while consumption saw a rise of 2 MMT. Moreover, stocks for the 2025/26 period were reduced by 2 MMT to a total of 81 MMT.
Current Price Summary
Jul 25 Soybeans are priced at $10.68 1/4, up 5 1/2 cents.
Nearby Cash stands at $10.19 1/4, marking an increase of 5 3/4 cents.
Aug 25 Soybeans are at $10.63 1/2, up 4 1/2 cents.
Nov 25 Soybeans are priced at $10.55 3/4, an increase of 3 1/2 cents.
New Crop Cash is at $9.93 3/4, rising by 3 3/4 cents.
On the date of publication, Austin Schroeder did not hold (either directly or indirectly) any positions in the securities mentioned in this article. All information and data herein are for informational purposes only. Please view the Barchart Disclosure Policy here.
The views and opinions expressed belong to the author and do not necessarily reflect those of Nasdaq, Inc.
