Soybeans were lower on Monday, with contracts down 1 to 2 cents in the nearbys, and strength in some 2026 contracts. The cmdtyView national average Cash Bean price was down 1 1/2 cent at $10.50 1/2. Soymeal futures were down 50 to 90 cents in the nearbys, with deferreds up 80 cents to $1.80. Soy Oil futures were 2 to 8 points lower, with other contracts steady to 6 points higher.
USDA reported a private export sale of 123,000 MT of soybeans to China this morning. In a CNBC interview this morning, Ag Secretary Rollins indicated the US and China would be “inking a deal this week or next week” in terms of the 12 MMT soybean commitments that have been previously reported. President Trump and China’s President Xi had a phone call earlier on Monday, discussing several things including soybeans.
