Soybean futures were weaker on Thursday, with contracts down 6 to 7 ¼ cents on the day. The cmdtyView national average Cash Bean price was down a penny at $11.55. Soymeal futures were $2.00 to $4.00 higher at midday, while Soy Oil futures were 29 to 49 points lower.
Export Sales data from this morning showed 188,274 MT of old crop soybean sales in the week of July 9, within analyst estimates of 100,000-500,000 MT. That was a 3 week high but down 30.74% from the same week in 2025. New crop business of 1.77 MMT that week exceeded the estimated 0.9-1.7 MMT. That was a MY high and takes the total for the new crop business to 4.598 MMT.
