Soybean Meal May '23 (ZMK23)

Soybeans posted 1 to 5 ¼ cent losses across most contracts on Friday. August was down 76 cents on the week, with November dropping 66 cents. November still managed a 43 ¾ cent gain on the month The cmdtyView national average Cash Bean price was down 7 1/2 cents at $11.41 1/4. Soymeal futures were $1.90 to $3.50 lower across most contracts, with August falling $19.10 on the week. Soy Oil futures were down 11 to 123 points in the front months, with August down 721 points for this week.

USDA reported a private export sale of 252,000 MT of 2026/27 soybeans to unknown destinations this morning.

Commitment of Traders data from Friday afternoon showed spec traders adding another 30,101 contracts to their net long position in soybean futures and options in the week ending on July 28. The net long was 155,001 contracts by Tuesday. 

Weekend rains are expected in parts of Eastern IA, Southern WI/MI, IL, IN, and OH. 

USDA Export Sales data now has old crop soybean sales... Read more