Soybeans are down 9 to 10 cents in most contracts so far on Tuesday. The cmdtyView national average Cash Bean price is 10 cents lower at $9.24 1/2. Soymeal futures are down $1.60 to $2.00/ton, with Soy Oil futures down 29 to 39 points.
NASS tallied 316 mbu of soybeans on hand as of September 1 via their Grain Stocks report. That was 9 mbu shy of the average trade guess of 325 mbu, as well as 14 mbu lower compared to the WASDE ending stocks estimate from earlier this month. That was also a 26 mbu reduction from last year. Â Production from 2024/25 was raised by 8 mbu to 4.374 bbu.
Weekly Crop Progress data showed a 79% of the US soybean crop listed as dropping leaves, 2 points ahead of normal. Harvest was tallied at 19%, lagging the 20% average pace. Condition ratings were up 1% to 62% good/excellent, with the Brugler500 index improving 3 points to 361. Throughout the country, KS (-5), ND (-1), SD (-2), TN (-5), and WI (-2) were the only to see any deterioration. Improvement was noted in IL (+3), IN (+2), MI (+4), MN (+3), MO (+4), NE (1), and OH (+3).
Argentina soybean production is estimated to total 48.5 MMT for 2025/26 according to the Buenos Aires Grain Exchange, down 1.8 MMT from last year if realized.Â
Nov 25 Soybeans  are at $10.01 1/4, down 9 1/4 cents,
Nearby Cash  is at $9.24 1/2, down 10 cents,
Jan 26 Soybeans  are at $10.20, down 9 3/4 cents,
Mar 26 Soybeans  are at $10.35 1/4, down 10 1/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
/Super%20Micro%20Computer%20Inc%20logo%20on%20building-by%20Poetra_RH%20via%20Shutterstock.jpg)
