Soybeans held strong on Friday, as most 2024 and 2025 contracts were steady to 7 ¼ cents higher. The higher move couldn’t ease the bleeding, which say July lose 19 ¼ cents this week. July options expired today, with a pin around $11.60 apparent. Soymeal futures were up 30 cents to $4.20/ton across the front months. Soy Oil futures were mixed with contracts anywhere from 1 point higher to 6 points lower. 

Export Sales data was delayed until this morning due to the midweek holiday. The FAS report showed an expected uptick in bean bookings for the week that ended on June 13, to a 15-week high of 556,453 MT. That was in the middle of the trade estimated 375,000-850,000 MT. China purchased 213,700 MT, which were announced through the daily system last week, with Egypt buying 157,500 MT. New crop sales were at an 8-week high of 83,975 MT, in the middle of the estimated range of 0-200,000 MT. China still has a 0 on the books for new crop, as neighbor Pakistan purchased 66,000 MT in that week. 

Soymeal bookings were tallied at 178,814 MT for the 2023/24 marketing year, with 32,752 MT for 24/25. Bean oil sales were 20,862 MT for the current marketing year, the largest since the last week of February. 

Jul 24 Soybeans  closed at $11.60 1/2, up 5 1/4 cents,

Nearby Cash  was $11.05 3/8, up 2 1/2 cents,

Aug 24 Soybeans  closed at $11.47, up 7 1/4 cents,

Nov 24 Soybeans  closed at $11.20, up 3 1/4 cents,

New Crop Cash  was $10.64 1/8, up 2 3/4 cents,