Soybeans slipped Thursday despite fresh export volumes, with nearby contracts down 6 to 9¾ cents. The cmdtyView national average Cash Bean price fell 9 cents to $10.70. Soy meal futures eased $4.90 to $5.10, while Soy Oil futures dropped 205 to 215 points. Trading wraps up Friday with a closure for Juneteenth.
USDA reported additional private export sales of 132,000 MT to China and 120,000 MT to unknown destinations for 2026/27 earlier Thursday. This followed Wednesday’s tally of 372,000 MT (60,000/312,000 MT split between old and new crop).
Weekly export data showed 424,869 MT of old crop soybeans booked for the week ended June 11, a 12-week peak though down 11.71% year-over-year. Meanwhile, 304,083 MT of new crop sales were logged, marking the largest figure to date for the 2026/27 marketing year. Soy meal sales totaled 404,114 MT, with 283,931 MT for the current season and 120,183 MT slated for the next. Bean oil bookings came in at 2,231 MT—just above the expected range of net cancellations of 2,000 MT to sales of 20,000 MT.
Spot prices showed modest declines across the board: July 26 beans down 9¾ cents at $11.22¼, August soybeans down 8¾ cents at $11.28, and November futures down 6¼ cents at $11.43. New crop cash beans were quoted at $10.77¾, down 6¾ cents.