Soybeans are down 9 to 10 cents across the front months on Monday. The cmdtyView national average new crop Cash Bean price is down 9 1/4 cents at $9.60 1/2. Soymeal futures are fading lower, with contracts $1.90 to $2.10. Soy Oil was is 2 to 6 points higher at midday.
This morning’s Export Inspections report showed a total of 409,714 (15.05 mbu) of soybeans shipped in the week of 7/24. That is up 8.7% from last week and 0.3% above the same week in 2024. Egypt was the top destination of 154,434 MT, with 75,603 MT headed to Netherlands and 72,432 MT to Mexico. Marketing year shipments are now at 47.2 MMT (1.734 bbu), which is 10.4% above the same period last year.
