Soybean futures saw early gains of 5 to 7 cents on Monday, following a strong performance last week where September rose 55 ½ cents and November increased by 43 cents. The latest data revealed open interest climbed by 9,921 contracts on Friday, and the national average cash bean price reached $11.45 ¾, up 13 ¾ cents. Soymeal futures rose $2.80 to $3.80 across most contracts, with September gaining $14.90 last week, while soy oil futures were up between 11 and 54 points.
According to the recently released WASDE report, U.S. soybean stocks for 2025/26 diminished by 10 million bushels to 330 million, attributed to a 10 million bushel increase in exports. New crop stocks remained at 310 million bushels, balancing a 30 million bushel rise in exports against a 40 million bushel increase in production. Globally, the world carryout for 2025/26 decreased to 124.17 million metric tons, partly due to raised Brazilian exports.
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