
Soybeans are down 9 to 10 cents in most contracts so far on Tuesday. The cmdtyView national average Cash Bean price is 10 cents lower at $9.24 1/2. Soymeal futures are down $1.60 to $2.00/ton, with Soy Oil futures down 29 to 39 points.
NASS tallied 316 mbu of soybeans on hand as of September 1 via their Grain Stocks report. That was 9 mbu shy of the average trade guess of 325 mbu, as well as 14 mbu lower compared to the WASDE ending stocks estimate from earlier this month. That was also a 26 mbu reduction from last year. Production from 2024/25 was raised by 8 mbu to 4.374 bbu.