**Soybeans See Price Increases Amid Strong Export Sales**
On Thursday, soybean prices rose between 12 to 17 cents, with the cmdtyView national average cash price reaching $10.72½, up 13¼ cents. Soymeal futures increased by $2.40 to $2.70, while soy oil futures saw a resurgence of 55 to 70 points. The Export Sales report revealed a significant 455,405 metric tons (MT) of soybean sales for 2025/26 during the week of June 18, marking a 12-week high and a 13.02% increase compared to the same week last year.
Additionally, for the new crop marketing year, sales totaled 902,159 MT, surpassing estimates and representing a marketing year high. However, soybean meal sales fell short at 182,260 MT, below the 200,000 to 500,000 MT range. Current world soybean production estimates remain steady at 442 million metric tons (MMT) for 2026/27, while stocks for the 2025/26 year increased by 1 MMT to 79 MMT.
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