Soybeans on Thursday posted losses of 1 ¼ to 6 ¾ cents across the board at the close. cmdtyView’s national average Cash Bean price fell 6 1/2 cents to $11.30 1/2. Soybean meal futures were down between $2.30 and $2.80 that day, and soybean oil futures were down between 19 and 79 points.
USDA export sales data this morning showed 351,423 MT of soybean sales in 2025/26. This is a four-week high and 14.12% more than the same week last year. Destinations unknown was the buyer of 171,900 MT, with Egypt for 59,800 MT. Sales of new crops amounted to 172,729 MT. That was the marketing year high for new crop, with total new crop sales of 509,642 MT, still half the same point last year. The largest buyer of new crop was unknown with 132,000 MT, of which 40,700 MT were sold to Mexico.
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Soybean meal sales were 492,229 MT, which was within expectations of 200,000 to 600,000 MT. Bean oil sales were 1,042 MT, which was in the middle of the expected range of net reductions of 5,000 MT to sales of 12,000 MT.
The EPA reported that D4 RIN generation was 690 million during April, up from 651.4 million in March.
Argentina’s soybean estimate was raised by 1.5 MMT to 50.1 MMT according to the Buenos Aires Grain Exchange.
On July 26, soybeans closed at $11.94 1/4, down 5 1/2 cents.
Nearby cash was at $11.30 1/2, down 6 1/2 cents,
On August 26, soybeans closed at $11.93 1/2, down 5 3/4 cents.
On Nov. 26, soybeans closed at $11.86 3/4, down 6 3/4 cents.
New Crop Cash was $11.24 1/4, down 8 1/4 cents,
As of the date of publication, Austin Schroeder had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com