Soybean futures experienced gains on Friday, with prices rising 8 to 12 cents. The cmdtyView national average Cash Bean price increased by 8 1/4 cents, reaching $9.88 1/2. Soymeal futures also climbed, with July contracts up 50 cents, while Soy Oil saw a slight decline.
The USDA reported a private export sale of 119,746 metric tons (MT) of soybeans to Mexico for the 2025/26 marketing year. In a Bloomberg survey ahead of the release of USDA’s Grain Stocks report on Monday, traders expect soybean stocks on June 1 to be around 974 million bushels (mbu), with estimates ranging from 936 to 1,022 mbu. Currently, soybean export commitments stand at 49.474 million metric tons, which is 98% of USDA’s projection and lower than the five-year average of 102%.
In Canada, StatsCanada estimates the canola acreage at 21.457 million acres, reflecting a 2.5% decrease from last year, while soybean acres are projected to rise by 0.5% to 5.737 million acres.
