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Mysteel soybean and relatives market daily: U.S. soybean crush figures remained strong

Source: Mysteel Aug 18, 2026 17:47
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Soybean Soybean Meal Demand Price Supply
Soybean futures on the CBOT rallied sharply during Monday night trading, with the front-month November contract closing 23.5 cents higher at 1216 cents/bushel, up 1.9%. The rally was primarily driven by rising international crude oil prices and robust NOPA crushing data. U.S. July soybean crush came in at 216.6 million bushels, up 1.08% month-over-month and 10.7% year-over-year. According to the USDA's weekly crop progress report as of August 16, U.S. soybean condition rated good-to-excellent stood at 61%, down another 1 percentage point from the previous week and below last year's 68% reading. In the near term, CBOT soybean futures continue to oscillate between supply concerns, weather developments, and export dynamics. Attention should be paid to this week's Pro Farmer crop tour findings.

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