“`html
Soybean futures were down 3 to 5 cents in early trading on Tuesday. On Monday, July contracts expired with 204 deliveries, totaling 1,327 for the month. The cmdtyView national average Cash Bean price decreased by 3¼ cents to $9.61½. Soymeal futures fell by $1.50 to $2.60 per ton, while Soy Oil saw an increase of 25 to 42 points.
As of Sunday, 47% of the US soybean crop was blooming, matching the 5-year average, with crop ratings increasing by 4% to 70%. Total soybean export shipments for the week ended July 10 were recorded at 147,045 metric tons (5.4 million bushels), a decline of 63.2% from the previous week and 16.1% year-on-year. The largest buyer was Mexico, purchasing 32,507 metric tons. Marketing year exports have accumulated to 46.411 million metric tons (1.705 billion bushels), 10.4% higher than the same period last year.
The USDA is expected to release NOPA data today, with traders anticipating an average of 185.19 million bushels of soybeans crushed in June, an increase of nearly 10 million bushels from last year.
“`
