Soybeans are trading with early Tuesday action close to unch, with contracts fractionally mixed. The soybean market saw slight gains on Monday, with contracts steady to 2 cents in the green at the close. Preliminary open interest suggested a rotation of ownership, up 1,332 contracts on Monday. The cmdtyView Cash Bean price was up a penny to $10.01 1/4. Soymeal futures are down 80 cents to $1.20/ton on the day, with Soy Oil futures back up 50 to 75 points. 

USDA’s Export Inspections report indicated a total of 217,842 (8 mbu) of soybeans shipped in the week that ended on 5/15. That was down 50.4% from the previous week but 13.3% above the same week in 2024. Another round of no shipments to China were reported, with 65,958 MT headed to Mexico and 52,843 MT to Egypt. Marketing year shipments have totaled 44.13 MMT (1.622 bbu), which is up 11.1% compared to the same week last year.

The US soybean crop was tallied at 66% planted as of May 18, 13 percentage points ahead of the average pace. The crop was listed at 34% emerged, with the 5-year average at 23% by that date. 

Chinese April import data shows 4.6 MMT originated from Brazil, down 22.2% from last year, with 1.38 MMT sourced via the US, which is down 43.7% from 2024.

Jul 25 Soybeans  closed at $10.50 3/4, up 3/4 cent, currently up 1/2 cent

Nearby Cash  was $10.01 1/4, up 1 cent,

Aug 25 Soybeans  closed at $10.47 3/4, up 1 1/2 cents, currently unch

Nov 25 Soybeans  closed at $10.37, up 1 1/2 cents, currently up 1/2 cents

New Crop Cash  was $9.74 1/4, up 1 1/2 cents,