Soybean Prices Drop, Export Data Eyed
Update: 2025-12-30
Description
Soybean prices plummeted on Monday, with cash beans falling eight cents to nine dollars and eighty-three quarters. Soymeal futures dropped two dollars and fifty cents per ton, while soy oil futures surged six to ten points due to a crude oil price rebound. The USDA announced a private export sale of one hundred thousand metric tons of soybeans to Egypt, but broader market pressures persisted. Export inspections for the week of December twenty-fifth showed a significant decline, with China leading destinations. Traders attribute added pressure to Chinese military drills around Taiwan, escalating U.S.-China tensions. January, March, and May soybeans all closed lower, with markets anxiously awaiting more export data. Checkout Solipillow.com
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