Soybeans Getting a Tuesday Bounce as Ratings Slip

Soybeans are trading with 7 to 9 ½ cent gains as futures get a bounce at Tuesday’s midday. The cmdtyView national average Cash Bean price is 7 cents higher at $11.71 1/4. Soymeal futures were 40 cents lower to 90 cents higher, with Soy Oil futures down 90 to 95 points.

The Monday Crop Progress data from NASS showed 80% of the US soybean crop blooming by 7/26, up 6% from normal, with 47% setting pods and 8 percentage points faster than the 5-year average. Condition ratings were down 3% at 63% gd/ex, with the Brugler500 index dropping 6 points to 363. Improvement was noted in MO (+7) and IN (+1), with NC, MI, and LA also seeing better conditions and AR/TN posting steady ratings on the Brugler500 index. The deterioration was seen in NE (-22), SD (-20), ND (-12), OH/MI/KS (-10), as well as MN/IL (-5), and IA (-3).

China state firm Sinograin is auctioning off 504,000 MT of imported soybeans on Friday.

ANEC estimates the Brazilian soybean export total for July at 12.5 MMT, down 1 MMT from their prior estimate last week. That is still just slightly above the 12.257 MMT last year for July. Abiove estimates the Brazilian soybean crush for 2026 at 63.3MMT, a 0.3 MMT increase over the previous number, with exports seen up 1.3 MMT from last month at 115.4 MMT. They estimate stocks to drop to 6.58 MMT, a 1.29 MMT drop from the prior projection. 

Aug 26 Soybeans  are at $12.15 3/4, up 7 1/4 cents,

Nearby Cash  is at $11.81 1/4, up 7 cents,

Sep 26 Soybeans  are at $12.07 3/4, up 8 cents,

Nov 26 Soybeans  are at $12.23 1/4, up 9 1/2 cents,

New Crop Cash  is at $11.63 1/2, up 8 3/4 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.