Soybeans finished the trading day with gains of 4 to 5½ cents. The national average cash bean price, reported by cmdtyView, rose by five cents to $11.50¾. Soymeal futures declined $3.20 to $6.30, while soy oil futures surged between 148 and 236 points.
USDA reported a private soybean export sale of 136,000 MT to China for the 2026/27 marketing year this morning.
Crop progress data from NASS indicated that 50% of the U.S. soybean crop had blossomed by July 12, a 6% increase over normal, with 19% of acres setting pods – 6 percentage points faster than usual. Condition ratings were up 1% at 65% good/extra good, and the Brugler 500 index improved 2 points to 367.
NOAA’s 7‑day QPF forecast shows little to no precipitation across the Dakotas, southern Kansas, and parts of Minnesota, Iowa, Illinois, and Missouri, with trace amounts expected in Ohio and Indiana.
Export inspections for the week of July 9 revealed corn shipments of 418,592 MT (15.38 mbu). This represents a 22.8% decline from the prior week but more than doubles the volume of the same week last year. Egypt was the largest destination with 108,548 MT, followed by 88,239 MT to Mexico and 65,869 MT to China. The marketing‑year total now stands at 38.29 MMT (1.407 bbu) of shipments, 17.6% below the same period last year.
Jul 26 Soybeans closed at $12.02, up 5½ cents.
Nearby Cash was $11.50¾, up 5 cents.
Aug 26 Soybeans closed at $11.96¾sé, up 5 cents.
Nov 26 Soybeans closed at $11.94¾, up 4 cents.
New Crop Cash was $11.29¾, up 4 cents.
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