Soybean futures are trading with contracts mostly 2 to 3 cents lower, as August is up ½ cent. Futures posted Thursday losses of 6 to 7 cents at the close of the month. There were another 408 deliveries issued against August soybean futures overnight. The cmdtyView national average Cash Bean price was up 4 cents at $9.34 ¾. Soymeal futures saw gains of $1.10 to $2.00/ton, with Soy Oil posting losses of 92 to 137 points. Another 629 deliveries were issued for August bean meal on Thursday, with 3 issued for August bean oil.

Export Sales data from USDA on Thursday showed 349,164 MT in old crop soybean business for the week ending on July 24. That was a 3-week high and still exceeds the same week last year. Egypt was the buyer of 102,400 MT, with 81,900 MT sold to Mexico. New crop sales totaled 429,457 MT, as back up from the week prior, though China has yet to show up. Mexico was the top buyer of 213,200 MT, with unknown buying 191,500 MT.

Bean meal bookings were tallied at 77,129 MT for the current marketing year and 131,966 MT for the next year, with the total at 209,095 MT barely in the range of the expected to total 200,000 to 550,000 MT between the current and next marketing year. Bean oil sales were on the low end of 0-23,000 MT estimates at 2,525 MT for 2024/25 and 558 MT for 2025/26. 

USDA will release monthly crush data on Friday, with analysts expecting to see 196.6 million bushel of soybeans crushed during June. Soybean oil stocks for the end of the month are projected to total 1.863 billion lbs. EIA reported that a total of 1.025 billion lbs of bean oil was used in biofuel production during May, up form 829 million lbs in April.

Aug 25 Soybeans  closed at $9.61 3/4, down 6 cents, currently up ¼ cent

Sep 25 Soybeans  closed at $9.69 1/2, down 6 1/4 cents, currently down 2 1/2 cents

Nov 25 Soybeans  closed at $9.89 1/4, down 6 1/2 cents, currently down 2 1/2 cents