Soybean Prices Slip Amid New Pressure Wave and Market Dynamics

Soybean prices recorded a decline of 8.5 to 15.25 cents in the final trading hour of the week, signalling a fresh wave of market pressure.

Contract Price Movements

■Cash Bean average settled at $11.31, down 14.5 cents.

■Soymeal futures rose between $3.40 and $4.60 across most contracts.

■Soy Oil futures fell by 43 to 55 points.

■No deliveries were issued for July Soymeal, while 59 deliveries were recorded for July Soy Oil.

USDA Export Announcements

■The USDA reported a private export of 136,000 MT of 2026/27 soybeans this morning, with 120,000 MT destined for China and the remainder to undisclosed locations.

■Export sales for the 2025/26 marketing year totaled 54,349 MT, barely within analysts' lower forecast range.

■Sales for the 2026/27 marketing year reached 408,250 MT, placing them at the high end of the projected 150,000‑500,000 MT range and marking the second‑largest total for the year.

Weather Outlook and Production Expectations

■NOAA’s 7‑day QPF predicts 1‑2 inches of rain mainly south of I‑80, affecting Indiana, Ohio, and southern Illinois, as well as much of Missouri.

■The 8‑14 day outlook shows a drier pattern for key growing regions, with a higher probability of above‑normal temperatures.

■Upcoming WASDE updates indicate old‑crop bean stocks down to 337 mbu, while new‑crop stocks are expected to rise by 22 mbu.

Markets are closely watching the sizeable U.S. export to China and the looming dry weather trend. The modest dip in soybean prices reflects a tight supply‑demand balance, yet short‑term weather conditions could continue to underpin prices. Investors should monitor the divergent moves in Soymeal and Soy Oil futures and consider recalibrating risk exposures accordingly.