Soybeans Plunge as Soymeal and Soy Oil Prices Fall

Soybean prices are falling into the weekend, down 17 to 19 cents across the front months. The national average Cash Bean price has dropped 17.75 cents to $12.43.75.

The Soymeal futures market is also declining, with prices now at $14 to $15.70 per ton. Soy Oil has lost 90 to 100 points.

The USDA reported a significant private export sale of 111,000 metric tons of soybeans to China for the 2026/27 marketing year. This sale highlights the strong demand from major buyers in Asia.

Meanwhile, the USDA's Export Sales report shows that corn sales are also on the rise, with commitments reaching 20.631 million metric tons, more than double the same week last year. This represents 45% of the USDA export projection and exceeds the 36% average over the past five years.