Soybeans futures are trading with midday gains of 2 to 5 cents so far on Monday. The cmdtyView national average Cash Bean price is up 2 3/4 at $11.35 1/2. Soymeal futures are down $1.20 to $2.50, with Soy Oil up 123 points.
USDA’s FGIS tallied soybean export shipments at 399,201 MT (14.668 mbu) during the week ending on August 8. That was 15% above the week prior but 26.7% shy of the same week last year. Germany was the top destination of 86,260 MT, with 81,851 MT headed to Mexico and 81,699 MT to Japan. Marketing year exports for 2025/26 are 39.75 MMT (1.46 bbu), which is now 17.9% below the same period last year.
A Reuters survey of traders shows expectations for NASS to peg US soybean yield at 52.9 bpa next Wednesday. Harvested acres are seen 163,000 acres higher than in the June report at 84.564 million acres, with production seen at 4.472 bbu. Ahead of the WASDE, stocks for 2025/26 are seen at 321 mbu, down 9 mbu from the previous month. New crop soybean stocks are estimated to drop 6 mbu to 304 mbu.
Aug 26 Soybeans are at $11.61 1/4, up 4 3/4 cents,
Nearby Cash is at $11.35 1/2, up 2 3/4 cents,
Sep 26 Soybeans are at $11.61 1/2, up 2 1/2 cents,
Nov 26 Soybeans are at $11.79 1/2, up 3 1/4 cents,
New Crop Cash is at $11.20 1/2, up 2 3/4 cents,
