On July 26, soybean prices rose significantly, with July contracts closing at $11.27 1/2, up 18 3/4 cents, and the cmdtyView national average Cash Bean price increasing by 20 1/2 cents to $10.79 3/4. Soymeal futures also increased, ranging from $1.40 to $4.90, and Soy Oil futures rose by 129 to 169 points.
Export sales data for the week ending June 18 indicated a total of 455,405 metric tons (MT) of soybean sales for the 2025/26 crop, marking a 12-week high and a 13.02% increase compared to the same week last year. The largest buyers included unknown destinations (263,100 MT) and Algeria (89,000 MT). New crop sales reached 902,159 MT, a marketing year high, with major purchases of 529,000 MT from unknown destinations and 200,000 MT from China.
The International Grains Council left world soybean production estimates for 2026/27 unchanged at 442 million metric tons (MMT) and increased stocks for 2025/26 to 79 MMT, up by 1 MMT.
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