Soybean Prices Drop on Wednesday

Soybeans are experiencing losses of 5 to 8 cents on Wednesday, with the national average Cash Bean price dropping by 8 cents to $9.73. Soymeal futures are down $1.20/ton, while Soy Oil is 56 to 73 points lower. There were 139 deliveries against July meal futures, bringing the total to 4,047 for the month.

Analysts predict a 10 mbu increase in old crop bean stocks to 360 mbu in anticipation of the Friday USDA reports. For new crop, traders expect a 7 mbu reduction in output due to a slight drop in acres to 4.333 bbu. Ending stocks for 2025/26 are estimated at 302 mbu, a 7 mbu increase from June.

The Central Corn Belt is forecasted to receive 1 to 3 inches of rain this week, with lighter and spottier totals expected in the western half of the Plains and parts of the ECB.

Soybean prices on Jul 25 are at $10.18 1/2, down 5 3/4 cents. Nearby Cash is at $9.73, down 8 cents. Aug 25 Soybeans are at $10.13 1/2, down 7 3/4 cents. Nov 25 Soybeans are at $10.10 1/2, down 7 cents. New Crop Cash is at $9.62 1/2, down 7 1/4 cents.

Read more at Yahoo Finance: Soybeans Still Feeling Pressure on Wednesday