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U.S. Soybean Exports Stumble to Marketing-Year Low

U.S. soybean exports hit a marketing-year low of 224,300 metric tons for the week ended June 25, drastically undershooting market expectations. Analysts surveyed by The Wall Street Journal had anticipated a robust range between 500,000 and 1.5 million tons, highlighting a sharp disconnect between projected demand and actual trade activity.

The Department of Agriculture data reveals that the weekly total included a mere 41,800 tons earmarked for the 2025/26 cycle. This sluggish performance stands in stark contrast to the corn market, where sales reached 1.5 million tons, comfortably landing within the predicted range. Wheat exports also struggled, recording 300,100 tons for the 2026/27 marketing year, placing them at the bottom end of expectations.

Despite the lackluster export figures, grain futures on the Chicago Board of Trade showed resilience during Thursday's pre-market session. Soybean futures climbed 0.5%, while corn and wheat saw modest gains of 0.2% and 0.4% respectively, suggesting that traders are looking past the current export slump toward broader market support.

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