“Historically low prices”: soybeans concluded a new week in negative territory and values ​​hit four-month lows

The international soybean price closes another week on the downside, beyond some slight increases in recent days or more moderate falls than those recorded at the beginning of June.

During this day, the bean It fell US$ 0.55 to US$ 409.14 per ton. During the week the drop was US$3, while so far this month it lost US$25.

Something similar happened with the corn: since Monday it fell US$ 2 and since June began US$ 12.3.

So, Soybeans were at their lowest prices in four months, while cereals reached their lowest value since October 14 of last year, almost 8 months ago..

As explained by the director of the consulting firm Nóvitas, Enrique Erizethe strong volatility that crops are showing is due to three central factors: the war in the middle easthe climate market in the United States and the results of the meeting between the North American president, Donald Trumpand its Chinese counterpart Xi Jinping.

However, the casualties have to do with the actions of the speculative funds in Chicago, “which move very aggressively daily and are what mark Chicago’s daily life. We must bank on this moment, because the funds say ‘this is not the time to be bought’ as they were in soybeans and corn and in two days they liquidated all positions, generating the collapse of prices,” said Erize.

“Today international prices, adjusted for inflation, are historically low. Chicago is at historic lows and the moment is not helping: the wheat harvest from the north is coming in, and in soybeans and corn, the weather is good there (United States), even though we have to wait for July, when it is their critical moment,” he concluded.

Regarding the local market, the president of Kimei Cereales, Javier Bujanconsidered that “beyond the international volatility, which this week was cut in terms of the strong declines, the good margins of the soybean factories and the delay in harvest that delays deliveries and slows down sales resulted in the local market will be divorced from Chicago“.

“Next week, weather permitting, we will have to see the behavior of the farmer sellingif there will really be a fluid supply or only the contracts that are in force and with late deliveries will be fulfilled and if they will continue to sell very slowly. Something similar happens with corn, which although Chicago copied it, this week we have to wait for the harvest to be regularized.”

The Soybean marketing registered a marked increase in volume in May thanks to the strong progress of the harvest during the month, after the delay in work due to the rains during April.

However, In June, producers’ sales fell sharplypartly because threshing has already advanced over the majority of the national agricultural area, but also as a consequence of a marked drop in oilseed prices.

According to the Agroindustrial Monitor of the Chamber of the Oil Industry and the Cereal Exporters Center (Ciara-CEC), total soybean sales by producers in May were 4.63 million tons640,000 tons above that recorded in April, but below the average of the previous two years.

Likewise, Ciara-CEC stated that the sales of the 24/25 campaign are practically finished, while 70% of the current harvest still remains to be priced.

However, for the director of RIA Consultores, Javier Preciado Patiñothe volume traded was even greater, far exceeding the 5.5 million tons.

“Sales in May were good, more than 5.5 million tons, growing more than double compared to April, with an average daily sales close to 300,000 tons,” Preciado Patiño told Clarín Rural.

If the current volume sold is compared with the previous two years, a marked decrease can be observed, although the same with their corresponding asterisks. In this sense, The specialist noted that in the first five months of this year, 13.5 million were sold, while last year, at this point, 20 million had been sold and in 2024 about 16.2 million.

However, in 2025 the market was strongly distorted, due to the first soybean dollar that extended from January to June of last year and due to the elimination of September withholdings, an issue that makes the comparison “quite difficult.”

But beyond the good results of May, June began with a marked cut in marketing, due to there being “a collapse in prices”which caused the daily average traded to fall to 219,000 tons.

For the market analyst at the Rosario Stock Exchange (BCR), Matias Contardisoybean marketing “he woke up” during May, hand in hand with an improvement in the prices of the available merchandise, which, given the sales dynamics that had been recorded in the first quarter, became “extraordinary month”.

“Now, that is just the short film. The reality of the commercial picture is that the soybean campaign itself, in terms of volumes committed, especially if we do it in relation to production, is lagging behind compared to previous yearsand that has a lot to do with the fact that you had a wheat and corn harvest, where you had enormous external absorption, so these grains were given more priority, while soybean sales waited for a better price,” Contardi said.

For the market analyst, Lorena D’Angelothe sales dynamics of corn are being contrary to what is seen in soybeans. “The behavior of the oilseed was different from what the cereal is showing: in May there was little business volume, while So far in June there has been an acceleration.”

“This is because the bulk of the soybeans have already been harvested, while the late corn threshing is in full development,” added D’Angelo.

According to Ciara-CEC, producer sales reached 2.14 million tonsmainly from the 25/26 campaign.

The total estimated exportable balance for the 2025/26 campaign is approximately 38 million tons, while 48% of the estimated export balance for the 2025/26 campaign still has no price, with a volume of 6.28 million tons already purchased for export but for which the producer has not yet set a price.