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Soybean futures slide as export sales show mixed demand
Thursday’s soybean decline came alongside export data that included a 3-week high for old-crop sales and a record-high new-crop total for the week.
Soybean futures moved lower on Thursday, with contracts down 6 to 7 1/4 cents on the day. The USDA-style cmdtyView national average Cash Bean price was down a penny to $11.55.
Soymeal futures were higher by $2.00 to $4.00 at midday, while soy oil futures fell by 29 to 49 points. Export Sales data showed 188,274 MT of old-crop soybean sales in the week of July 9, landing within analyst estimates of 100,000 to 500,000 MT.
Old-crop sales marked a 3-week high but were down 30.7% versus the same week in 2025. New-crop business totaled 1.77 MMT, above an estimated 0.9 to 1.7 MMT, and represented a MY high, bringing total new-crop sales to 4.598 MMT.
The export report also showed soybean meal sales of 228,235 MT for the reporting week, with 177,043 MT for the current marketing year, within estimates of 150,000 to 650,000 MT. For bean oil, bookings were net negative 122 MT versus expectations that ranged from net cancellations of 10,000 MT to net sales of 16,000 MT, according to Yahoo Finance.