Soybeans futures posted modest energy on Monday, with contracts up 1 ¼ to five ¾ cents throughout the board. The cmdtyView nationwide common Money Bean worth was up 3 ½ cents at $11.36 1/4. Soymeal futures had been down $1.80 to $4.40, with Soy Oil up 83 to 130 factors.
Weekly Crop Progress information from NASS confirmed 93% of the US soybean crop blooming by 8/9, with 74% setting pods and 5 share factors quicker than the 5-year common. Situation scores had been down 1% at 62% gd/ex, with the Brugler500 index slipping 2 factors at 361.
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USDA’s FGIS tallied soybean export shipments at 399,201 MT (14.668 mbu) throughout the week ending on August 8. That was 15% above the week prior however 26.7% shy of the identical week final 12 months. Germany was the highest vacation spot of 86,260 MT, with 81,851 MT headed to Mexico and 81,699 MT to Japan. Advertising 12 months exports for 2025/26 are 39.75 MMT (1.46 bbu), which is now 17.9% beneath the identical interval final 12 months.
A Reuters survey of merchants exhibits expectations for NASS to peg US soybean yield at 52.9 bpa subsequent Wednesday. Harvested acres are seen 163,000 acres greater than within the June report at 84.564 million acres, with manufacturing seen at 4.472 bbu. Forward of the WASDE, shares for 2025/26 are seen at 321 mbu, down 9 mbu from the earlier month. New crop soybean shares are estimated to drop 6 mbu to 304 mbu.
Aug 26 Soybeans closed at $11.57 3/4, up 1 1/4 cents,
Close by Money was $11.36 1/4, up 3 1/2 cents,
Sep 26 Soybeans closed at $11.61 3/4, up 2 3/4 cents,
Nov 26 Soybeans closed at $11.79 1/2, up 3 1/4 cents,
New Crop Money was $11.20 1/4, up 3 1/2 cents,
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions.
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