Soybeans are 6 to 7 cents in the red so far on Friday. The cmdtyView national average Cash Bean price is down 6 1/4 cents at $10.87 1/4. Soymeal futures are $5.20 to 5.50 lower at midday, with Soy Oil futures up 24 to 25 points.
USDA Export Sales data has soybean export commitments at 36.79 MMT by 3/12, a 19% drop from the same period last year. That is now 86% of USDA’s estimate for 2025/26 and behind the 94% average sales pace. Shipments are 28.055 MMT, and now 65% of that USDA number and behind the 81% average pace.
The Buenos Aires Grains Exchange estimates the Argentina soybean crop at 38% good/excellent, up 3% from the previous week.
May 26 Soybeans are at $11.62 1/4, down 6 1/4 cents,
Nearby Cash is at $10.87 1/4, down 6 1/4 cents,
Jul 26 Soybeans are at $11.77 1/4, down 6 cents,
Nov 26 Soybeans are at $11.40, down 6 1/4 cents,
New Crop Cash is at $10.78, down 6 cents,
