Soybeans are trading 3 to 4 cents lower early on Tuesday. Futures were under pressure for much of Monday, with contracts down 6 ¾ to 17 ½ cents at the close. New selling interest was noted, with open interest down 9,487 contracts. The cmdtyView national average Cash Bean price was down 12 3/4 cents at $11.51 3/4. Soymeal futures fell 50 cents to $5.40 at the close, with Soy Oil futures down 47 to 89 points across most contracts.
USDA reported a private export sale of 136,000 MT of soybeans on Monday morning, all to China for the 2026/27 marketing year.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Crop Progress data from Monday afternoon indicated 88% of the US soybean crop harvested as of Sunday, now 4 points ahead of average.
NASS released their monthly Fats & Oils reports on Monday, showing 198.8 mbu of soybeans crushed in September. That was a 5.16% drop from last month and 2.99% below the same month in 2025. Soybean oil stocks were down 14.08% from last month to 1.457 billion lbs, a 17.58% drop from last year and a record low for the data set.
Export Inspections data showed soybean at 2.445 MMT (89.83 mbu) shipped in the week that ended on October 29. That was down 2.3% from last week and more than double the same week last year. China was the top destination of 1.524 MMT, with 185,973 MT to Egypt and 135,325 MT to Italy. Marketing year shipments have totaled 12.18 MMT (447.59 mbu), which is up 56% yr/yr.
Brazil’s soybean crop is estimated at 53% planted, ahead of the 47% pace from last year.
Nov 26 Soybeans closed at $12.04 3/4, down 17 1/2 cents, currently up 1 1/4 cents
Nearby Cash was $11.51 3/4, down 12 3/4 cents,
Jan 27 Soybeans closed at $12.16 3/4, down 17 1/2 cents, currently down 2 3/4 cents
Mar 27 Soybeans closed at $12.26 1/2, down 17 1/4 cents, currently down 4 1/2 cents
Nov 27 Soybeans closed at $12.00 1/2, down 8 1/2 cents, currently down 4 3/4 cents
New Crop Cash was $11.34 3/4, down 9 cents,
On the date of publication, Austin Schroeder did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
Corn, Soybean, and Wheat Prices Are Heavily Oversold – a Rebound for Grains Could Be Coming Soybean Oil Futures Just Hit a 4-Month Low. Here's When to Sell. Soaring Diesel Prices Could Spark a Scarcity Crisis No One is Talking About. Here’s How to Invest. Brazilian Beans and a Record-Large Crop Are Pushing Soybean Prices Lower. Sell Here.