CBOT soybeans end weaker on favorable US weather, soyoil rises
CHICAGO, July 11 (Reuters) - Chicago Board of Trade soybean futures fell on Friday as forecasts for favorable weather raised expectations for a large autumn harvest, analysts said.
A monthly U.S. Department of Agriculture report trimmed the outlook for the nation's soybean harvest to 4.335 billion bushels, from a June outlook for a 4.340-billion-bushel crop. That was largely in line with the average analyst estimate of 4.334 billion bushels in a Reuters poll.
Soybean ending stocks for 2025-26 were seen at 310 million bushels, compared to 295 million in June and analysts' expectations for 302 million.
New-crop CBOT November soybeans SX25 ended down 6-1/2 cents at $10.07-1/4 a bushel. On Thursday, the contract fell to $10.02-1/4, its lowest since mid-April.
CBOT August soymeal SMQ25 finished down $1.10 at $270.30 per short ton, after notching a contract low at $267.60 on Thursday.
CBOT August soyoil BOQ25 rose 0.26 cent to finish at 53.75 cents per pound.
In the monthly supply-and-demand report, the USDA sharply raised its outlook for soybean oil use by biofuel producers in the 2025-26 marketing year, which begins October 1, to a record 15.5 billion pounds.
U.S. soyoil exports were seen tumbling to 700 million pounds in 2025-26 as more oil is consumed domestically, down from 2.6 billion pounds in the current season.
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