Soybeans closed on Thursday, May 26, with contracts steady to 6 ¾ cents higher, led by the 2026 contracts. The cmdtyView national average cash bean price rose to $10.93 ½, up 6 ¾ cents. Soymeal futures increased by $7.20 to $10.80, while Soy Oil futures declined by 1 to 20 points.
The weekly Export Sales report for the week ending March 12 revealed 298,208 MT of old crop bean sales, the lowest of the marketing year and down 15.42% from last year. China was the largest buyer with 79,900 MT. New crop sales were only 6,600 MT. Soybean meal sales amounted to 220,927 MT, while soybean oil sales were reported at 5,241 MT.
Abiove estimates Brazil’s soybean crop at 177.85 million metric tons (MMT), marking a 0.73 MMT increase, while the Buenos Aires Grains Exchange reports 38% of Argentina’s crop as good/excellent, up 3% from the previous week. The International Grains Council (IGC) projects global soybean production for 2025/26 at 426 MMT, down 2 MMT from last month.
