The price trend on the US soybean market remained mixed at the start of the week. While the July and August contracts fell slightly, new crop futures recorded slight gains. Soybean meal also moved little and was 20 US cents higher at USD 275.80/short ton for August.
The publication of several USDA reports led to mixed market reactions. Grain stocks for the reporting date of June 1 were put at 1.007 billion bushels - 37 million bushels above the previous year's figure and thus above market expectations. At the same time, according to the Acreage Report, acreage was just below expectations at 83.38 million acres and slightly below the March forecast. Weekly export inspections amounted to 224,787 tons, an increase on the previous week, but well below the previous year's figure. Mexico was the main buyer with around 113,000 tons. The USDA also reported an export order for 204,000 tons of soybean meal for delivery in 2025/26 to unknown recipients. All in all, a very mixed picture. The good growing weather recently led to weaker prices and the fall in the price of crude oil is also still affecting oilseeds. However, a clearer upswing was seen in Winnipeg, where canola for November gained Can-$ 16.80. The main reason for the sharp ups and downs of the last few days is the tariff dispute between the USA and Canada. Talks are currently due to resume. On Euronext, things did not look so friendly for rapeseed. It lost €6.50 to €467.50 per tonne for August.
