Soybeans posted weaker trade late on Thursday, with contracts down fractionally to 4 cents across most contracts. The cmdtyView national average Cash Bean price was up 2 ¾ cents at $11.49. Soymeal futures were 40 cents to $1.20 lower across most contracts, with Soy Oil futures down 17 to 82 points. First notice day for August futures is on Friday.
USDA reported a private export sale of 132,000 MT of soybeans to China for 2026/27 this morning.
The next 7 days are looking for 1 to 2 inches across much of eastern NE and the eastern portions of the Dakotas through MN, MO, WI, IA, IL, IN and OH. Much of that is expected over the next couple of days.
USDA Export Sales data was released this morning, with old crop soybean sales at 302,260 MT in the week of 7/23. That was a 5-week high and 10.49% above the same week last year. Egypt was the buyer of 62,700 MT, with 58,900 MT to Japan. New crop sales were tallied at 1.333 MMT. That was a 3 week low, but still well above the same week last year. China was the buyer of 519,000 MT, with unknown destinations purchasing 372,000 MT and 309,300 MT to Mexico.
Soybean meal sales were just 114,733 MT, which fell short of the estimated 200,000 to 550,000 MT range according to a Reuters survey. Bean oil sales were tallied at net cancellation of 1,099 MT, between net reductions of 10,000 to net sales of 10,000 MT.
Aug 26 Soybeans closed at $11.77 1/4, down 3/4 cent,
Nearby Cash was $11.49, up 2 3/4 cents,
Sep 26 Soybeans closed at $11.72 1/4, down 3 3/4 cents,
Nov 26 Soybeans closed at $11.88 3/4, down 4 cents,
New Crop Cash was $11.30 1/4, down 4 cents,
