Soybean contracts concluded Monday’s trading session lower, dropping between 1 and 6 cents. The cmdtyView national average cash bean price fell by 3.75 cents to settle at $11.21 1/4. Meanwhile, soymeal futures declined by 40 cents to $3.30, and soy oil futures gained between 137 and 173 points.
According to the latest Weekly Crop Progress data, 87% of the U.S. soybean crop had been planted by Sunday, representing a pace 7% ahead of the historical average. Emergence stood at 65%, which is 8 percentage points ahead of the typical norm. Newly released crop condition ratings indicate that 66% of the U.S. soybean crop is in good or excellent condition. This figure marks a 1% decrease from the same week last year and falls short of market estimates of 68%. On the Brugler500 index, this equates to a score of 369—a three-year low and the fourth-lowest initial rating observed over the past 13 years.
NASS Fats & Oils data revealed that the soybean crush for April reached 218.4 million bushels (mbu), exceeding the average trade estimate by 3.7 mbu. Although this represents a 5.76% decline from March, it marks a 7.94% increase compared to April of the previous year. Additionally, the March crush figure was revised upward by 4.4 mbu. The total crush for the current marketing year (September through April) stands at 1.784 billion bushels (bbu), an 8.7% year-over-year increase. Soybean oil stocks tightened, falling 6.2% from the previous month to 2.44 bbu.
Export inspection reports indicated that 494,286 metric tons (MT), or 18.16 mbu, of soybeans were shipped during the week ending May 28. While this is a 16.1% decrease from the prior week, it reflects a 64% surge compared to the same week last year. China remained the leading destination, receiving 206,771 MT, followed by Egypt with 110,873 MT and Japan with 79,933 MT. Total marketing year shipments currently stand at 35.648 million metric tons (MMT), or 1.309 bbu, representing a 20.2% year-over-year decline.
StoneX has adjusted its Brazilian soybean production forecast upward by 0.18 MMT from its previous projection, now estimating the total harvest at 181.8 MMT.
July 2026 Soybeans closed at $11.80 3/4, reflecting a decline of 6 cents.
Nearby cash prices were marked at $11.21 1/4, down 3.75 cents.
August 2026 Soybeans closed at $11.85, dropping 5.25 cents.
November 2026 Soybeans closed at $11.88 3/4, slipping 1.25 cents.
New crop cash was valued at $11.24 1/2, decreasing by 1.25 cents.