Soybeans are showing 9 to 17 ¼ cents across most contracts on Monday. There were 2 more deliveries against November futures overnight. The cmdtyView national average Cash Bean price is down 12 3/4 cents at $11.51 1/2. Soymeal futures are falling $4 to $4.50 at midday, with Soy Oil futures are down 90 to 100 points.
USDA reported a private export sale of 136,000 MT of soybeans, all to China for the 2026/27 marketing year.
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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.
Weekly CFTC data showed speculators in soybean futures and options net long 185,400 contracts as of October 27th. That was a reduction of 21,536 contracts over the course of that week. In soybean meal futures and options, managed money was liquidating longs, dropping their net long position by 34,834 contracts to 169,859 contracts as if Tuesday,
The Buenos Aires Grain Exchange estimates the Argentina soybean crop at 23.3% planted, near the average for early in the period. Brazil’s soybean crop is estimated at 53% planted, ahead of the 47% pace from last year.
Nov 26 Soybeans are at $12.05, down 17 1/4 cents,
Nearby Cash is at $11.51 1/2, down 12 3/4 cents,
Jan 27 Soybeans are at $12.16 1/4, down 18 cents,
Mar 27 Soybeans are at $12.26, down 17 3/4 cents,
Nov 27 Soybeans are at $12.00, down 9 cents,
'27 New Crop Cash is at $11.32 3/4, down 11 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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