Soybeans close the Wednesday session with contracts 2 ¼ to 11 ¾ cents lower across the board, with the front months leading the charge. The cmdtyView national average Cash Bean price was down 11 1/2 cents at $11.38. Soymeal futures were mixed, anywhere from 50 cents lower to $1.10 higher, with Soy Oil futures down 100 to 175 points. Heating oil losses of $0.32 added pressure.
USDA reported a private export sale of 167,000 MT of soybeans this morning to Spain for the 2026/27 marketing year.
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Export Sales data will be published on Thursday morning, with traders looking for 0.95-2.5 MMT of 2026/27 soybean sales in the week of 10/29 according to a Reuters survey. New crop sales are seen at 0-50,000 MT. Soybean meal sales are seen in a range of 250,000-500,000 MT, with bean oil estimated at 0-10,000 MT.
US Soybean exports via Census data from September was released this morning, showing 3.655 MMT (134.3 mbu) in shipments. That was well above August, 22.93% above last year and a 6-year high. Soybean meal exports were a record 1334 MMT.
Brazil’s November exports of soybeans are seen at 3.33 MMT, according to ANEC, which would be 0.9 MMT below last year if realized
Nov 26 Soybeans closed at $11.93 1/4, down 9 3/4 cents,
Nearby Cash was $11.38, down 11 1/2 cents,
Jan 27 Soybeans closed at $12.02 1/4, down 11 3/4 cents,
Mar 27 Soybeans closed at $12.10 1/4, down 10 1/2 cents,
Nov 27 Soybeans closed at $11.88 1/4, down 3 3/4 cents,
New Crop Cash was $11.21, down 2 1/2 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.
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