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US Biofuels Update: Feedstock Futures Drop on End-of-Month Profit-Taking

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Biofuels feedstock futures closed lower on Friday, with end-of-month profit-taking and traders getting ahead of uncertain geopolitical headlines.

The Chicago Board of Trade August soybean futures contract closed 0.45% lower at $11.72 per bushel, while the CBOT August soybean oil futures contract settled 1.80% lower at 67.12 cents per pound.

The Nymex September ethanol futures contract settled lower 0.26% on Thursday at $1.94 per gallon.

Rhett Montgomery, a DTN analyst, said the corn and soybean markets were resilient early in the session before being pulled lower as a wave of selling washed over most of the row crop complex.

"After attempting to rally in the early hours of the session, soybean futures were eventually pulled lower as well, a sour ending to July which featured a 43 3/4 cent gain through the month in November futures, though prices were down 66 cents this final week alone," Montgomery said.

US soybean demand is strong. On Friday, the US Department of Agriculture reported sales of 252,000 metric tons of soybeans for delivery to unknown destinations during the 2026/2027 marketing year.

Archer Daniels Midland (ADM) said on Thursday that it will expand 700,000 mt of annual oilseed crush capacity, supporting strong demand for US biofuels.

Initial investments at four US crush facilities in Frankfort, Indiana; Deerfield, Missouri; Lincoln, Nebraska; and Spiritwood, North Dakota, equate to more than 25 million bushels of additional soybean demand.

Price: $80.17, Change: $-0.44, Percent Change: -0.55%

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