Soybeans are pulling off the early session lows, with contracts down 1 to 7 cents at midday. The cmdtyView national average Cash Bean price is down 7 1/4 cents at $11.42 1/4. Soymeal futures are showing $1.50 to $2 gains, with Soy Oil futures down 120 to 125 points. Heating oil losses of $0.29 are adding pressure.
USDA reported a private export sale of 167,000 MT of soybeans this morning to Spain 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.
US Soybean exports via Census data from September was released this morning, showing 3.655 MMT (134.3 mbu) in shipments. That was well August, 22.93% above last year and a 6-year high. Soybean meal exports were a record 1334 MMT.
Brazil’s soybean crop is estimated at 184.95 MMT according to StoneX, up 1.59 MMT from their prior number. The StoneX estimate for the US crop saw yield increase 0.9 bpa from last month’s number to 55 bpa, with production up 77 mbu to 4.725 bbu.
Nov 26 Soybeans are at $11.97 1/2, down 5 1/2 cents,
Nearby Cash is at $11.42 1/4, down 7 1/4 cents,
Jan 27 Soybeans are at $12.07, down 7 cents,
Mar 27 Soybeans are at $12.14 3/4, down 6 cents,
Nov 27 Soybeans are at $11.89 1/2, down 2 1/2 cents,
'27 New Crop Cash is at $11.22 1/4, down 1 1/4 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 The Bears Are in Charge as Wheat Prices Fall 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.