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Mysteel soybean and relatives market daily: U.S. soybean futures benchmark closed lower; soybean meal spot prices adjusted in tandem

Source: Mysteel Jul 03, 2026 10:46
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Soybean Soybean Meal Demand Price Supply
Thursday CBOT soybean futures settled mixed, with the benchmark November contract down 0.22% at 1146.75 cents/bushel. The bearish data from the USDA Planting Intentions report (85.365 million acres) and Quarterly Stocks (1.061 billion bushels) have already been digested by the market. Current market focus has shifted to weather and exports. Market expectations suggest that after experiencing high temperatures this week, the U.S. Midwest is likely to see rainfall and cooler temperatures. However, last week's old-crop U.S. soybean export net sales amounted to only 41,800 tonnes, far below market expectations, capping any rebound potential.

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