Soybean Prices Plummet, Export Records Set
Update: 2025-11-20
Description
Soybean prices plummeted on Wednesday, with front month contracts dropping by fifteen to seventeen and a quarter cents. The national average cash price for soybeans also decreased by seventeen cents. Soymeal and soy oil futures also experienced significant drops. The Environmental Protection Agencys potential delay in reducing credits for imported feedstocks could impact the market. The USDA announced substantial soybean sales to China. August soybean exports reached a three-year high, and soymeal exports hit a record. Export bookings for the upcoming week are anticipated to range between six hundred thousand and one point six million metric tons. Brazilian soybean exports for November are projected to increase, but the Brazilian soybean crop estimate has been revised downwards.
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