Soybeans closed with front month losses of ½ to 5 ½ cents, as back months were 1 ½ to 4 ¼ cents lower. August managed to hold on for just a tick loss this week, with November down 8 ½ cents. The cmdtyView national average Cash Bean price was up 3 1/4 cents at $10.89 1/2. Soymeal futures were $1.10 higher to 40 cents lower on the day, as August was up $1.30 this week, with Soy Oil futures mixed from 10 points higher to 14 points lower, as August was down 305 points this week. The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend. Sunday night will have a normal open.
USDA released their weekly Export Sales report this morning showing just 41,786 MT of old crop bean sales in the week of 6/25. That was a marketing year low for the 2025/26 marketing year. China was the buyer of 65,400 MT, with 68,000 switched from unknown destinations. New crop sales were just 182,533 MT. That was a 3-week low but still 16.89% above the same week last year. Mexico was the main buyer of 182,100 MT.
-copy-29e15046.jpeg?w=600)
