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Soybean prices are experiencing a decline, with losses of 7 to 9 cents reported early on Monday, following gains of 6 to 9 cents on Friday. The cmdtyView national average cash bean price increased by 7 ¾ cents to $9.90. In other commodities, soymeal futures rose by $5.30, while soy oil saw a drop of 40 to 42 points in front months.
Recent weather reports indicate weekend rains across the Corn Belt, with forecasts projecting up to 4 inches of rain in parts of the Dakotas, Minnesota, Wisconsin, and northern Iowa early this week. Speculative traders are shifting to a more bearish position in soybean futures, increasing their net short position to 32,278 contracts, while soybean export commitments stand at 50.648 MMT, matching the USDA’s full marketing year projection.
As of August 25, soybean prices were as follows: August close at $10.27 ¾ (up 6 ¼ cents, currently down 7 ¾ cents), September at $10.21 (up 9 cents, currently down 6 ¾ cents), and January 2026 at $10.52 ¾ (up 9 cents, currently down 7 cents).
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