Soybean Market Update – Chicago Slides on Technical Pressure, Mixed Product Signals
Soybean futures at the Chicago Board of Trade (CBoT) slipped on Friday, with the July contract losing 7.25 cents to settle at 1,060.25 ct/bu. While soyoil edged higher, soymeal continued to trend lower, adding to bearish sentiment. A mix of weather optimism and macro caution shaped market tone.
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📊 CBoT Soybean Futures – Closing Summary (23 May 2025)
| Contract | Last (ct/bu) | Change | EUR/t (approx) |
|---|---|---|---|
| Jul 25 | 1,060.25 | -7.25 | €343 |
| Aug 25 | 1,056.00 | -6.50 | €342 |
| Nov 25 | 1,050.50 | -4.75 | €340 |
💡 Conversion used: 1 bu = 27.2155 kg; EUR/USD ≈ 1.08
🪵 Soy Product Futures – Diverging Trends
| Product | Contract | Price | Change | Trend |
|---|---|---|---|---|
| Soybean Oil | Jul 25 | 49.35 US ct/lb | +0.24 ct | ⬆️ Mild recovery |
| Soymeal | Jul 25 | $296.20/tn.sh | -2.30 | ⬇️ Continues lower |
Observation:
– Traders cited technical selling before the long U.S. weekend.
– Soyoil recovered slightly after Thursday’s steep drop.
– Soymeal fell for the sixth session, pressured by weak feed demand.
🌎 Key Market Drivers
- 🌦️ Argentina: Heavy rains slow harvest; Buenos Aires Grain Exchange cut yield forecasts marginally.
- 🇺🇸 USA: Midwest rainfall supports seedling growth but delays final planting in some states.
- 📉 Macro Sentiment: Weak crude oil prices and doubts over U.S. biofuel policies continue to weigh on oilseed outlook.
🔮 USDA Export Figures (Week Ending 15 May 2025)
| Product | Volume Exported | Analyst Estimate |
|---|---|---|
| Old Crop Soybeans | 307,939 t | 100,000–300,000 t |
| Soymeal | 382,652 t | 100,000–450,000 t |
| Soyoil | 13,660 t | 0–32,000 t |
Exports met or slightly exceeded trade expectations — mildly supportive, but not market-moving.
📉 3-Day Price Forecast (CBoT Jul 25)
| Date | USD Range (ct/bu) | EUR Range (€/t) | Trend |
|---|---|---|---|
| May 27 | 1,050 – 1,070 | €339 – €346 | ⬇️ Weak bias |
| May 28 | 1,045 – 1,065 | €338 – €344 | ➡️ Neutral |
| May 29 | 1,035 – 1,055 | €334 – €342 | ⬇️ Pressure builds |
🧭 Summary
📉 Futures weakened after a volatile week.
📈 Soyoil rebounded modestly; soymeal struggled.
🌧️ Weather remains the primary watch — both in South America and the U.S. Midwest.
📦 Export pace is steady but lacks momentum.
Related posts:
Soya Market Faces Pressure: Global Supplies Surge, Prices Slide Amid Shifting Demand
Soybean Futures Extend Rally – Argentina Still Wet, U.S. Planting Slows
Soya Market Analysis: Brazil’s Expansion Reshapes Global Dynamics Amid Price Volatility
Soybean Market Set for Rebound: Undervaluation Sparks Bullish Outlook
Soybeans Under Pressure: Trade Tensions and Brazilian Competition Reshape Global Soya Market