Soybeans are showing 9 to 10 cent losses so far on Wednesday, continuing the slop now below $10 for old crop. The cmdtyView national average Cash Bean price is down 8 cents at $9.39 1/4. Soymeal futures are continuing their weakness, with contracts down 80 cents to $1.10/ton, with Soy Oil posting gains of 20 to 32 points.
The meeting between the US and China in Sweeden saw a tariff deadline pushed back from the August 12 for 90 days pending the approval of President Trump, as the two look to defuse the trade situation.
Brazil’s soybean crop for 2025/26 is estimated at 182.9 MMT according to Datagro, which is up from their 173.5 MMT estimate for 2024/25.
Aug 25 Soybeans are at $9.72 1/4, down 9 1/2 cents,
Sep 25 Soybeans are at $9.80 1/4, down 9 1/4 cents,
Nov 25 Soybeans are at $10.00 1/4, down 9 1/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
