Soybeans are falling with 6 to 9 cent losses across most contracts on Wednesday. The cmdtyView national average Cash Bean price is down 9 cents at $10.97 3/4. Soymeal futures are $2.30 to $4 lower, with Soy Oil futures 60 to 80 points higher.
As Wall Street Journal report stated that USDA Secretary Vaden said he expects China to honor their commitment to buy 25 MMT of US soybeans this year and stated that they have already started placing orders. USDA’s Export Sales dat shows no new crop sales to China, with just 317,000 in 2026/27 sales for unknown destinations.
