Soybean prices increased by 19 ¾ to 36 cents on Monday, with the cmdtyView national average cash bean price rising to $11.49, reflecting a resurgence in the market following recent US/Chinese trade developments. Soymeal futures rose between $2.10 and $5.20, while soy oil futures experienced gains ranging from 130 to 175 points.
As of May 17, the USDA’s NASS reported that 67% of the US soybean crop had been planted, significantly above the 53% average for this time of year, with 32% of the crop emerged compared to the average of 23%. In export activity, the USDA’s FGIS reported soybean shipments at 483,881 metric tons for the week ending May 14, down 27.1% from the previous week but more than double the volume from the same week last year. China received 203,387 metric tons, leading other destinations such as Mexico and Egypt.
Additionally, a fact sheet released by the White House on Sunday announced that China is set to purchase at least $17 billion per year of US agricultural products from 2026 to 2028, emphasizing the continued commitment to soybean purchases made in October 2025.
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