Soybean prices drop due to crude oil pressure, US planting progress slightly behind.

From Yahoo Finance: 2025-06-23 18:03:00

Soybean prices dropped due to crude oil pressure, with soybeans down 9 to 15 cents. The US soybean planting progress was at 96%, slightly behind the five-year average of 97%. USDA data showed soybean export shipments at a low of 192,890 MT for the week ending June 19.

Soybean speculators increased their net long position by 33,526 contracts. Jul 25 Soybeans closed at $10.58 3/4, Nearby Cash was $10.11 1/2, Aug 25 Soybeans closed at $10.62, Nov 25 Soybeans closed at $10.46 3/4, and New Crop Cash was $9.93.

Read more: Soybeans Fall on Monday, as Condition Hold Steady