🌱 Soybeans Up on USDA Sale and Trade Optimism – Gains Short-Lived
Soybean prices firmed Thursday on a reported export sale and improving U.S.–China relations, though Friday morning trade reversed as traders turned cautious ahead of the WASDE report.
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📊 CBOT Soybeans – Market Overview (July 25 Contract)
Metric | Value |
---|---|
Price (ct/bu) | 1,045.00 |
EUR/t (approx) | ~342.00 EUR/t |
Change (Thursday) | +5.75 |
Change (Friday AM) | –3.00 |
Trend | ⬇️ (early trade) |
🌍 Key Market Drivers
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USDA Export Sale: 225,000 t of soybeans for 2025/26 sold to Pakistan.
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Weekly Sales: 376,653 t reported for 2024/25, 12.2% below last year.
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WASDE Outlook (due Monday):
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Old crop ending stocks expected down 6 million bu to 369 million bu.
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New crop forecast at 362 million bu.
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Brazil Exports:
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April: 15.27 Mio t (+4% m/m, +4% y/y)
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May Forecast: 12.6 Mio t (↓ from 13.5 Mio y/y)
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Jan–Apr: 40 Mio t total, 30 Mio t to China.
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China resumes imports from 5 previously suspended exporters.
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China Policy Watch:
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Long-term goal: reduce dependence on imported oilseeds.
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Investment in high-yield, short-cycle domestic rapeseed.
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