Soybeans Experience Pressure on Monday

Soybean Market Performance: Soybeans experienced losses of 9 to 11 cents across most contracts, with the national average cash bean price down to $9.77.

Soymeal and Soy Oil Futures: Soymeal futures showed mixed results while soy oil futures declined by 18 to 53 points.

Crop Progress Data: As of Monday, 89% of the US soybean crop is setting pods, with condition ratings improving to 69% good/excellent, matching the 5-year average.

Export Inspections Report: A total of 382,806 MT of soybeans were shipped in the week of 8/21, marking an 8.8% decrease from the same week last year, with Indonesia being the largest buyer.