Soybeans are down 2 to 3 cents early on Thursday Futures faded off the early gains on Wednesday, as buyers of the Chinese rumor were selling the fact. Contracts were down fractionally to 5 ½ cents at the close. Open interest was up 1,047 contracts on the day. The cmdtyView national average Cash Bean price was down 3/4 cent at $11.45 1/4. Soymeal futures were $3.90 to $6.30 lower across most contracts, with Soy Oil futures 205 to 260 points higher as crude oil was up $4.32. There were no deliveries issued against July meal, with 59 issued for July bean oil.
USDA reported a private export sale of 472,000 MT of soybeans to China on Wednesday morning, with 136,000 MT for 2025/26 and 336,000 MT for 2026/27.
