International Soybean Market
12-Aug-2025 08:14 AM
International Soybean Market
According to NASS Crop Progress data, as of Sunday, 91% of the US soybean crop was blooming and 71% setting pods, both 1% behind normal. Soybean conditions fell by 1 percentage point this week to 68% good/excellent, with the Brugler500 index down 1 point to 374.
On Sunday night, President Trump posted that “China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders...” This statement lifted the market on hopes of increased buying, even without a deal. Later on Monday, President Trump extended the pause on tariff increases on Chinese goods for 90 days.
USDA reported soybean export shipments of 518,066 MT (19.04 million bushels) for the week ending August 7, down 17.5% from last week but 47.6% above the same week last year. Of that total, 154,646 MT went to Mexico, 68,869 MT to Germany, and 58,086 MT to Egypt. Marketing year exports have reached 48.37 MMT (1.777 billion bushels), 11.2% above the same period last year.
Ahead of Tuesday’s Crop Production report, traders expect the US soybean yield at 53 bpa, with estimates ranging from 52 to 54 bpa. Total production is forecast at 4.374 billion bushels, up 39 million from the July WASDE. Analysts estimate old-crop ending stocks down 5 million bushels to 345 million, while new-crop stocks are seen 41 million bushels higher at 351 million.