Soybeans Falling Lower on Monday

Soybean prices are declining on Monday, with losses ranging from 12 to 15 cents across most contracts. The cmdtyView national average Cash Bean price has dropped 13 3/4 cents to $11.88. Soymeal futures have increased by $4.70 on the day, while Soy Oil has decreased by 263 to 268 points. According to the USDA's FGIS, soybean export shipments totaled 420,895 metric tons (15.465 mbu) for the week ending August 20, which is 43% higher than the previous week and 6.9% greater than the same week last year.

Egypt was the leading destination, importing 116,966 MT, followed by Indonesia with 71,630 MT and Italy with 60,643 MT. For the marketing year 2025/26, exports are projected at 40.48 MMT (1.487 bbu), which represents a 17.9% decrease compared to the same period last year. Corn and Soybean traders anticipate a national yield of 53.3 pba and a production of 4.572 bbu.

The Commitment of Traders data from the CFTC revealed that managed funds added back 50,300 contracts to their net long position in the week ending August 18, bringing their net long to 151,662 contracts. Soybean prices are currently at $12.13 for Sep 26, down 12 cents, $12.24 3/4 for Nov 26, down 14 3/4 cents, $12.39 for Jan 27, down 14 3/4 cents, and New Crop Cash is at $11.69 3/4, down 14 cents.

At the time of publication, Austin Schroeder had no positions in any of the securities mentioned in this article. All information and data provided are for informational purposes only.