Soybeans Decline Slightly Amid Mixed Export Sales Data
On Thursday, soybean futures declined slightly across most contracts amid mixed export sales data. The national average Cash Bean price rose by 2¾ cents to $11.49, while soymeal and soy oil futures also posted declines. USDA reported a private sale of 132,000 MT of soybeans to China for the 2026/27 crop year. Old-crop soybean sales totaled 302,260 MT in the week ending July 23—5-week high and up nearly 10.5% from a year ago—with Egypt and Japan as major buyers. New-crop sales reached 1.333 million metric tons (MMT), with China accounting for over half of that volume, though soybean meal sales fell short of expectations at just 114,733 MT. August 2026 soybeans closed down by three-quarters of a cent to $11.77¼ per bushel, while September and November contracts also posted declines.
Topics: futures prices soybeans USDA export sales