Soybeans slipped from the close to double digit positive aspects early on Thursday bus nonetheless closed 1 to 2 cents greater and July up 5 ¾ cents. On the week, August was up 22 ¼ cents, with November rallying 24 ½ cents. The cmdtyView nationwide common Money Bean value was up 1 1/4 cents at $10.13 3/4. Soymeal futures have been 60 cents to $1.40 greater on the day, with August $1.80 greater this week. Soy Oil was down 36 to 47 factors, however nonetheless managed a 207 level acquire on the week. The market will likely be closed on Friday for the July 4^th vacation, with a traditional Sunday evening open.

Rains are anticipated to cowl a lot of the Western Corn Belt within the subsequent week, with 1 to 2 inches anticipated. Lighter totals reaching an inch or much less are seen within the ECB.

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USDA reported personal export gross sales of 226,000 MT of outdated crop soybeans to unknown locations this morning. One other flash sale of 195,000 MT of soybean meal was additionally reported (45,000 MT for 2024/25 and 150,000 MT for 2025/26).

This morning’s Export Gross sales report confirmed 462,435 MT of 2024/25 soybeans booked within the week of 6/26, in the course of the analysts’ estimates of 300,000 and 700,000 MT. That was nonetheless up 14.8% from final week and greater than double the identical week in 2024. Unknown ws the customer of 190,500 MT, with 165,000 MT offered to Egypt. New crop gross sales have been 239,046 MT, on the upper aspect of the anticipated 0 and 300,000 MT. That was the second largest whole this advertising and marketing 12 months with gathered new crop enterprise at 1.59 MMT. Mexico was the highest purchaser of recent crop at 131,600 MT. 

Soybean meal gross sales have been tallied at 306,203 MT for the present advertising and marketing 12 months, and 397,357MT for the following MY. Whole gross sales of 703,560 MT exceeded commerce concepts of 100,000 to 650,000 MT. Bean oil bookings totaled 11,764 MT, which was within the anticipated vary of web reductions of 10,000 MT to gross sales of 26,000 MT. 

Census information for Could exports was launched this morning confirmed 1.6 MMT (58.6 mbu) of soybeans shipped within the month. That was down 26.81% from April however up 13.13% from final 12 months. Third quarter exports have been 267 mbu, with the primary 9 months of the advertising and marketing 12 months totaling 1.685 bbu. Meal exports have been 1.36 MMT, which was a report for Could. Bean oil shipments have been a 5-year Could excessive at 142,303 MT. 

Jul 25 Soybeans  closed at $10.56 1/4, up 5 3/4 cents,

Close by Money  was $10.13 3/4, up 1 1/4 cents,

Aug 25 Soybeans  closed at $10.55 1/2, up 2 cents,

Nov 25 Soybeans  closed at $10.49 1/4, up 1 1/4 cents,

New Crop Money  was $10.01 1/2, up 1/2 cent,

On the date of publication,

right here.

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