Soybean Jan '25 (ZSF25)
Soybean Futures Market News and Commentary
Soybeans saw some late pressure to pull off the intraday highs, as contracts were up 1 ¼ to 5 vents across most nearby contracts, with some deferreds down fractionally to 4 cents. The cmdtyView national average Cash Bean price was up 4 3/4 cents at $12.04. Soymeal futures were 40 cents to $1.70 lower, with Soy Oil futures up 11 to 22 points.Â
USDA reported a private export sale of 126,000 MT of soybeans to unknown destinations this morning for 2026/27.
Weekly Export Sales data from USDA showed bookings of 56,351 MT, in the week of 7/16. That was the third lowest for the marketing year but normal as we approach the end of July. China was the buyer of 70,600 MT (68,000 MT of that was switched from unknown). Sales for 2026/27 were tallied at 1.537 MMT, vs. estimates of between 1-1.8 MMT. That was the second largest for the marketing year forward sales and nearly triple the same week last year. China was the top buyer of 1.006 MMT, with 329,700 MT to Mexico.
Meal sales... Read more
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