Soybean futures drop in early trading with increased stock levels, negative.

From Yahoo Finance: 2025-07-01 08:35:00

Soybean futures dropped in early trading, with nearby contracts down 3 ¾ cents and new crop up 2 to 3 cents. The NASS Crop Progress report showed 94% of the US soybean crop emerged, with crop ratings steady at 66% good/excellent. USDA’s Grain Stocks report revealed 1.007 bbu of soybean stocks on June 1, above estimates. Export inspections data showed 224,787 MT of soybeans shipped in the week ending June 26, with top destinations being Mexico and Japan. Jul 25 Soybeans closed at $10.24 1/4, down 3 1/2 cents, while nearby cash was $9.81 1/2, down 3 3/4 cents. Aug 25 Soybeans closed at $10.29 3/4, down 3 1/2 cents, and Nov 25 Soybeans closed at $10.27, up 2 1/4 cents. New crop cash was $9.76 3/4.

Read more: Soybeans Pushing Lower on Tuesday AM Trade