International Soybean Market
16-Jul-2025 08:43 AM
International Soybean Market
★ According to NOPA, 185.7 million bushels of soybeans were crushed in the U.S. in June. This is 3.7% lower than May but 5.7% higher than June 2024. Soybean oil stocks were reported at 1.33 billion pounds.
★ Brazil exported approximately 12.2 million tonnes of soybeans in July, compared to 11.25 million tonnes during the same period last year.
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Domestic Soybean Market
★ Soybean prices in domestic mandis are under pressure and are trading well below the MSP.
★ Prices are currently around ₹4200–₹4300 per quintal.
★ The decline in prices is due to several factors including large-scale imports of soybean oil, weak export demand for soymeal impacting crushing activity, and rising demand for DDGS (Distillers Dried Grains with Solubles).
★ It remains to be seen whether India imports soybeans from the U.S.
★ If such imports happen, it would not be a positive development for the domestic market.
★ Due to unremunerative prices, farmers are reducing soybean sowing.
★ With the upcoming festive season, a slight improvement in soybean and soybean oil prices is expected.
Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.