Soybean Prices Decline Despite Export Sales to China
On Wednesday, soybean prices declined despite the USDA reporting significant export sales. The national average cash bean price dropped by 6¼ cents to $12.51 per bushel as contracts fell between 3 and 7¼ cents across different months. The market saw mixed results in related products: soymeal futures rose slightly, while soy oil prices remained steady or declined modestly. USDA announced private export sales of 340,000 metric tons (MT) to China for the 2026/27 crop year and an additional 100,000 MT to unspecified destinations. Recent data from NASS showed soybean condition ratings unchanged at 58% good/excellent. However, some states reported declines in Brugler500 index scores while others improved slightly.
Topics: futures prices soybeans USDA export sales