Soybean futures experienced a mixed session on Thursday, with old crop contracts closing slightly lower while new crop contracts saw modest gains. The cmdtyView national average cash bean price slipped to $11.23 1/4, down 2 1/4 cents, as the market reacted to the USDA’s weekly Export Sales report, which indicated a significant decline in sales for the 2025/26 marketing year, down 30.47% year-over-year. China emerged as the top buyer, but new crop sales fell short of expectations.
The decline in soybean and soybean meal sales could signal weakening demand, which may impact future pricing and profitability for producers and traders alike. Notably, soybean oil bookings were also low, despite a seven-month high in biodiesel usage, highlighting a disconnect between production and export demand.
Market professionals should monitor these trends closely, as ongoing fluctuations in export sales and domestic usage could influence price movements and trading strategies in the soybean complex.
Source: nasdaq.com