Soybeans are showing 2 to 3 cent action so far on Friday. Futures were weaker on Thursday, with contracts down 6 to 7 ¼ cents on the day. Preliminary open interest was up 14,419 contracts. 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 Thursday showed 188,274 MT of old crop soybean sales in the week of July 9. That was a 3 week high but down 30.74% from the same week in 2025. China was the buyer of 133,900 MT with 51,100 MT sold to Egypt. New crop business came in at 1.77 MMT for that week. That was a MY high and takes the total for the new crop business to 4.598 MMT. China was the buyer of 1.056 MMT, with 624,600 MT sold to unknown destinations.
