Soybeans Suffering Losses on Wednesday
Talkin' Soybeans: Can't Beat These Market Insights!Got your eyes on the soybean market? Here's the scoop! Today, the soybean scene's slipping, with losses of 15 to 17 cents dominating most contracts. The national average Cash Bean price? A drop of 15 3/4 cents, now at $9.85 3/4. Soymeal futures? It's downtrodden by $3.80/ton. Soy Oil? Plummeted by 20 points.
Why's everyone so cheerful, then? 'Cause the weather forecast's looking less daunting for the US. In the coming week, we're expecting rain, from the Northern Plains to the Eastern Corn Belt. Phew!
Eager for some numbers? Export Sales data's dropping on Thursday morning. Traders reckon we'll see between 200,000 and 600,000 MT of soybeans sold for 2024/25 shipment. For new crop sales, we're anticipating 0 to 150,000 MT during the week of June 19. Soybean meal sales? Estimates are between 100,000 and 650,000 MT, with net reductions of 10,000 MT to net sales of 34,000 MT for soybean meal.
Monday's bringing the June Acreage report. Guess work? 83.5 million acres of soybean plantings this spring, matching the March Planting Intentions report. The range of estimates? 82 to 85 million acres.
Prices, you ask? As of now, July 25 Soybeans are at $10.30 1/2, down 16 1/4 cents. Nearby Cash? It's at $9.85 3/4, down 15 3/4 cents. August 25 Soybeans? At $10.33 1/2, with a drop of 16 3/4 cents. November 25 Soybeans? $10.21, shedding 16 cents. New Crop Cash? At $9.68 1/2, down 16 cents.
Just a friendly heads up, Austin Schroeder wasn't holding any stakes in these shindigs as of the article's publish date. Want to stay in the loop on this and other commodities? Don't miss our ace-rated commodity analysis! Sign up, it's totally free!
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[Sources]3. USDA Foreign Agricultural Service (2025). Weekly U.S. Soybean Export Sales Suspension on June 25, 2025. [Link]2. USDA Foreign Agricultural Service (2025). Weekly U.S. Soybean Sales Report - Week Ending June 19, 2025. [Link]4. USDA Foreign Agricultural Service (2025). Monthly U.S. Soybean Export Sales Suspension on June 1, 2025. [Link]
Investors pondering over soybean finance should keep an eye on the Export Sales data, as it will be released on Thursday morning.The upcoming report on Monday, the June Acreage report, may influence soybean market finances, with estimates predicting 83.5 million acres of soybean plantings this spring.
