CBOT soybeans higher on strong soybean crush, firm oil prices
DBA•Settlement prices
- New-crop November soybeans SX26 rose 23-1/2 cents to $12.16 a bushel.
- CBOT September soymeal SMU26 ended $1.90 higher at $312.10 per short ton, while September soyoil BOU26 settled 2 cents higher to 71.44 cents per pound.
Soybeans rise on strong crush pace and higher crude
Chicago Board of Trade soybean futures rallied on Monday as stronger soybean crush pace and higher crude oil prices supported the market.
- National Oilseed Processors Association data issued on Monday showed NOPA members processed 216.647 million bushels of soybeans last month, up 1.1% from the 214.340 million bushels crushed in June and up 10.7% from the July 2025 crush of 195.699 million bushels. The total reflected a daily crush rate of 6.989 million bushels a day, down from 7.145 million bushels a day a month earlier, according to NOPA data.
- Heavy rain in parts of the Midwest last week has also raised uncertainty over whether some crops are facing excess moisture.
- Chinese demand continued to support soybeans. Traders told Reuters last week that China had already purchased about 7 million metric tons of U.S. soybeans.
- India's soyoil imports are set to hit a record high in August as competitive prices prompt refiners to boost purchases for festive demand, while disruptions to sunflower oil shipments due to the Russia-Ukraine war push buyers to switch oils, dealers said.
- Oil prices settled up by more than $2 on Monday on global supply worries stoked by investor pessimism about diplomatic efforts to resolve the Iran war, with U.S. President Donald Trump demanding Iran's surrender and threatening to bomb Oman.
- Soybean futures often follow crude oil prices as the oilseed is used as a feedstock for biofuels.
