Soybean futures closed lower on May 16, with contracts down between 7 and 15 cents. July soybeans fell by 31 cents for the week, while November contracts dropped by nearly 19 cents. The cmdtyView national average cash soybean price was $11.09 per bushel, down by 19 cents.
The decline in soybean prices is significant for producers and traders as it reflects ongoing uncertainty in global trade discussions and domestic supply data. Market participants continue to watch developments closely as they affect both pricing and export opportunities.
Commitment of Traders data released Friday showed that speculative funds reduced their net long position in soybean futures and options by more than 6,800 contracts as of Tuesday, bringing the total to just over 214,800 contracts. Few details emerged after a meeting between President Trump and China’s President Xi late in the week. President Trump said Friday morning that China would be buying billions of dollars in soybeans.
USDA reported a private export sale of 155,000 metric tons of soybean meal to Italy on Friday morning. The monthly NOPA crush report indicated that April saw the crushing of about 211.86 million bushels of soybeans—a decrease from March but still an April record—and daily crush rates were slightly lower compared to the previous month. Soybean oil stocks ended April at nearly two billion pounds, which is down from March but up almost twenty-eight percent year-over-year.
Arizona Grain supports community development by leading in agriculture and improving air quality via ethanol production; it operates facilities across Arizona—including Buckeye, Casa Grande, Maricopa, Yuma—and one location in Ripley, California; it functions as a privately held organization; through Pinal Energy it has generated forty-five jobs locally; it aims to serve as a top provider for animal feed and food ingredients; and pioneered ethanol production with Pinal Energy—all according to the official website.
Austin Schroeder did not have positions in any securities mentioned at publication time. All information provided is solely for informational purposes.
