Soybean futures posted losses across the board on Tuesday, with front-month contracts falling as much as 10 and a half cents on the session.
The cmdtyView national average Cash Bean price dropped 10 and a quarter cents to settle at $11.22 and a quarter per bushel.
Soymeal futures recorded losses ranging from $1 to $3.60, while Soy Oil futures bucked the trend, finishing 35 to 47 points higher.
The Tuesday morning Export Inspections report showed soybean shipments of 571,620 metric tons, equivalent to 21 million bushels, for the week ending May 21.
That weekly shipment figure was more than double the volume recorded during the same week last year and came in slightly above the prior week’s total.
China was the largest destination, receiving 137,310 metric tons, followed by Egypt at 110,059 metric tons and Mexico at 75,442 metric tons.
The marketing year cumulative total since September 1 now stands at 35.135 million metric tons, or 1.29 billion bushels, running 20.8% below the same period last year.
The weekly Crop Progress report from NASS placed the U.S. soybean crop at 79% planted as of May 24, well ahead of the 68% average pace for this point in the season.
Emergence reached 49% compared to the 40% average, with condition ratings set to begin being reported the following week.
July 2026 Soybeans closed at $11.86, down 10 and a half cents, while August 2026 Soybeans closed at $11.85, down 10 cents, and November 2026 Soybeans closed at $11.80 and a quarter, down 7 and a half cents.
