Soybeans closed the Friday session with contracts steady to 10½ cents higher, with the front months leading the bull spread. August rose 43½ cents for the week, while November gained 50½ cents. The cmdtyView national average cash bean price increased 9¾ cent to $12.14¾. Soymeal futures rose $1.40 to $3.70, with August up $11.10 since last Friday. Soy oil futures fell 27 to 126 points, with August down 48 points on the week.
The NOAA 7‑day QPF predicts less than 0.5 inch of rain across most major soybean‑growing regions next week, except for Ohio, where spotty totals may reach an inch in Wisconsin and Minnesota. The 8‑14‑day outlook calls for a drier pattern in the first week of August across the Dakotas, Iowa, Minnesota and Wisconsin.
Commitment of Traders data released on Friday showed speculative traders adding a sizable 52,212 contracts to their net long position in soybean futures and options for the week ending July 21, bringing the net long to 124,900 contracts by Tuesday.
USDA weekly export sales data indicate that accumulated old‑crop export shipments have reached 41.38 MMT, meeting 100 % of the agency’s export projection and lagging the 101 % pace observed over the past three years. Cumulative sales now total 6.136 MMT, which is 135.5 % above the same week last year.
August 26 soybeans closed at $12.48, up 10½ cents.
Nearby cash soybeans were $12.14¾, up 9¾ cents.
September 26 soybeans closed at $12.40¼, up 9¼ cents.
November 26 soybeans closed at $12.53½, up 9¾ cents.
New‑crop cash soybeans were $11.94¼, up 10 cents.
