International Soybean Market

10-Jun-2025 08:10 AM

International Soybean Market
According to the USDA’s weekly Crop Progress report, 90% of the US soybean crop has been planted, ahead of the 88% average pace. Emergence is also ahead at 75%. The condition rating increased by 1% to 69% good to excellent. The Brugler500 index improved by 2 points to 372.
US Treasury Secretary Bessent, USTR Greer, and Commerce Secretary Lonick are meeting with Chinese counterparts today in London for trade discussions.
USDA’s Export Inspection data showed that 547,040 tons (20.1 million bushels) of soybeans were exported in the week ending June 5. This was 81.5% higher than the previous week and more than double the volume during the same week in 2024. Mexico was the top buyer with 103,691 tons, followed by Japan with 92,759 tons and Egypt with 90,485 tons. Since September 1, total soybean exports in the marketing year have reached 45.19 million tons (1.66 billion bushels), up 11.5% from the same period last year.
China imported 13.92 million tons of soybeans in May, more than double the April total and above the 10.22 million tons recorded in May 2024.