On Monday, soybean prices increased by 11 to 15 cents across most contracts, with the national average cash bean price rising 15 cents to $11.17 1/4. Soymeal futures climbed $9.50 to $9.70, while soy oil futures were up 20 to 24 points.
During the week ending April 23, USDA’s FGIS reported soybean export shipments at 628,826 MT (23.1 mbu), down 16.9% from the prior week but up 36.9% from the same week last year. China’s imports accounted for 247,121 MT, followed by Mexico and Indonesia with 92,443 MT and 92,442 MT, respectively. Cumulative marketing year exports for 2025/26 stand at 32.81 MMT (1.206 bbu), marking a 24% decrease from the same period last year.
Traders anticipate that the USDA will report 22% of the US soybean crop planted as of Sunday, and CFTC data as of April 21 revealed a net long position of 192,884 contracts in bean futures and options, along with a record net long of 165,444 contracts in soybean oil.
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