Soybeans closed the Thursday session mixed, with front months 1 to 7 ¾ cents higher and deferreds fractionally to 1 ¾ cents lower. November options expire on Friday. The cmdtyView national average Cash Bean price was up 8 1/4 cents at $11.96 1/2. Soymeal futures were anywhere from $1 lower to 80 cents higher, as Soy Oil futures were 77 to 86 points higher.
The average close for November futures has been $12.75, as the harvest price crop insurance discovery period has just 6 days left.
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USDA reported a private export sale of 202,000 MT of soybeans to China this morning, all for 2026/27. Total announced sales to all destinations this week have totaled 1.488 MMT.
The weekly Export sales report was out this morning, with a total of 2.841 MMT of 26/27 soybean sales in the week of 10/15. That was nearly 1 MMT above the known daily announcements were tallied at 1.877 MMT during that week. That was more than 4 times the week prior and 170.89% larger than the same week last year. China was the buyer of 2.179 MMT, with 232,200 MT sold to Mexico and 84,500 MT to Netherlands.
Soybean meal sales were tallied at 242,168 MT, which was shy of trade estimates of 250,000 to 650,000 MT. Bean oil bookings were at 916 MT, which was in the expected range of 0 to 10,000 MT.
Brazil soybean crush for 2027 is seen at 66 MMT according to ABIOVE, up 2.4 MMT from the year prior if realized. Exports are seen at 113 MMT, which would be down 0.9 MMT from the previous year.
Nov 26 Soybeans closed at $12.53, up 7 3/4 cents,
Nearby Cash was $11.96 1/2, up 8 1/4 cents,
Jan 27 Soybeans closed at $12.64 3/4, up 6 1/2 cents,
Mar 27 Soybeans closed at $12.71 1/2, up 5 1/4 cents,
Nov 27 Soybeans closed at $12.28 1/4, down 1/2 cent,
New Crop Cash was $11.61 3/4, down 1/2 cent,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions 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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