International Soybean Market
15-Jul-2025 08:33 AM
International Soybean Market
As of Sunday, 47% of the U.S. soybean crop was blooming, in line with the 5-year average, and a portion of the crop has begun setting pods. Crop ratings improved by 4% to 70% good to excellent. The Brugler500 index, which considers all five rating categories, rose 7 points to 376.
Over the weekend, President Trump announced a 30% tariff on the EU and Mexico starting August 1. On Monday, he warned that secondary tariffs would be imposed on Russia’s trade partners if no peace deal is reached to end the Russia-Ukraine war within 50 days.
According to the USDA, soybean export shipments for the week ending July 10 totaled 147,045 MT (5.4 million bushels), down 63.2% from the prior week and 16.1% lower than the same week last year. Mexico was the largest buyer at 32,507 MT. Cumulative marketing year exports stand at 46.411 MMT (1.705 billion bushels), 10.4% above the same period last year.
Rainfall is expected across much of the Corn Belt, with at least 1 inch expected generally and 2–3 inches forecasted for the central region.
NOPA data will be released on Tuesday. Analysts expect soybean crush for June to average 185.19 million bushels, nearly 10 million more than last year. Soybean oil stocks are projected to average 1.374 billion pounds.
China imported a record 12.26 MMT of soybeans in June, though still below May’s 13.92 MMT.