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Mysteel soybean and relatives market daily: Poor U.S. soybean crop tour results; domestic soymeal follows futures higher

Source: Mysteel Aug 19, 2026 11:51
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Soybean Soybean Meal Demand Price Supply
On Tuesday, most CBOT soybean futures contracts settled higher, with the benchmark November contract closing at 1215.25 cents per bushel. The market is currently closely monitoring the results of the Pro Farmer crop tour. First-day data showed that soybean pod counts in Ohio fell 7% year-over-year, while South Dakota saw a 20.4% decline. Second-day data indicated a 4.2% decrease in Indiana and a 9.5% drop in Nebraska, raising concerns about the U.S. soybean yield outlook. Adding to these worries, the USDA's weekly crop progress report showed the U.S. soybean good-to-excellent rating falling to 61%, below year-ago levels. Meanwhile, private exporters reported a sale of 136,000 tonnes of soybeans to China. In the near term, U.S. soybeans are supported by the crop tour findings and Chinese purchasing activity, keeping prices firm.

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