Soybeans are mixed at midday with old crop and new crop spreading at midday, as front months are up 1 to 5 ½ cents and new crop contracts down 3 to 5 cents. The cmdtyView national average Cash Bean price is up 1 3/4 cents at $11.48 1/2. Soymeal futures are $4.20 to $5.60 lower across most contracts, with Soy Oil futures 210 to 264 points higher as crude oil is up $4.09.
USDA reported a private export sale of 472,000 MT of soybeans to China this morning, with 136,000 MT for 2025/26 and 336,000 MT for 2026/27.
Export Sales data will be out on Thursday, with analysts surveyed by Reuters looking for between 50,000 and 500,000 MT of 2025/26 soybean sales in the week of July 2. Sales for 2026/27 are estimated in a range of 150,000 to 500,000 MT. Soy meal sales are seen at 250,000 to 600,000 MT in total, with bean oil seen between net reductions of 5,000 MT and sales of 10,000 MT.
The next 7 days via NOAA’s QPF shows 1 to 2 inches on a line mainly south of I-80 covering most of MO, IN, OJ and the southern half of IL. Parts of eastern NE and western IA, as well as central WI are seen with up to an inch.
Monthly export data from Census showed 2.57 MMT (94.42 mbu) of soybeans shipped in May, which was 72.46% above last year but down 14.35% from last year. That was the second largest May on record. Soybean meal exports were a record at 1.572 MMT in May, slightly below April but 19.47% above 2025.
Jul 26 Soybeans are at $12.02 1/4, up 5 1/2 cents,
Nearby Cash is at $11.48 1/2, up 1 3/4 cents,
Aug 26 Soybeans are at $11.95 1/4, up 1 1/2 cents,
Nov 26 Soybeans are at $11.94 1/4, down 3 1/2 cents,
New Crop Cash is at $11.30 3/4, down 2 1/2 cents,
