Soybeans closed with weakness despite the tighter than expected stocks total, as contracts were down 8 to 9 ½ cents. The cmdtyView national average Cash Bean price was 9 1/2 lower at $9.25. Soymeal futures were down $1.60 to $2.40/ton, with Soy Oil futures down 20 to 33 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. Production from 2024/25 was raised by 8 mbu to 4.374 bbu.
