Soybean Jul '26 (ZSN26)
Soybean Futures Market News and Commentary
Soybeans are trading 28 to 35 cents higher on Monday morning. Futures closed with front month losses of ½ to 5 ½ cents, as back months were 1 ½ to 4 ¼ cents lower. August managed to hold on for just a tick loss last week, with November down 8 ½ cents. Open interest was up just 1,018 contracts. There was just 1 delivery issued against July futures on Thursday, with 0 for July meal and bean oil. The cmdtyView national average Cash Bean price was up 3 1/4 cents at $10.89 1/2. Soymeal futures were $1.10 higher to 40 cents lower on the day, as August was up $1.30 last week, with Soy Oil futures mixed from 10 points higher to 14 points lower, as August was down 305 points last week.
The 7-day forecast shows rainfall totals of 1 to 3 inches across parts of the Dakotas and MN, mainly in the next couple days. Eastern Corn Belt totals are a half inch to 2 inches in the next week. Temps for the next couple weeks are looking at above normal temps.
USDA released their weekly Export S... Read more
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