Soybeans were down ½ to 4 ¾ cents in the front months on Thursday with some deferreds fractionally to 3 ents higher. First notice day for November is on Friday. The cmdtyView national average Cash Bean price was down 4 cents at $11.63. Soymeal futures were 50 cents to $6.50 lower, as Soy Oil futures were steady to 11 points higher.
The average close for November soybean futures in October has been $12.65, with just one day left for the harvest price crop insurance discovery period.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Weekly Export Sales data from this morning showed 2.576 MMT of 2026/27 soybean sales in the week of 10/22, in the middle of trade ideas of 1.8-3 MMT. That included daily announced sales of 1.323 MMT throughout the week. That was down 9.32% from the previous week but still 77.71% larger than the same week last year. China was the buyer of 1.627 MMT, with 225,000 MT sold to Spain and 153,300 MT to unknown.
Soybean meal sales were tallied at 347,478 MT, which was within the 200,000 to 450,000 MT range of expectations. Bean oil sales exceeded the expected range of 0-10,000 MT estimates at 11,591 MT.
Nov 26 Soybeans closed at $12.19 3/4, down 4 3/4 cents,
Nearby Cash was $11.63 1/1, down 4 cents,
Jan 27 Soybeans closed at $12.34 3/4, down 3 1/4 cents,
Mar 27 Soybeans closed at $12.43 1/2, down 2 1/2 cents,
Nov 27 Soybeans closed at $12.09 1/2, up 2 3/4 cents,
New Crop Cash was $11.42 3/4, up 5 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
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. Bears Are in Charge: Why Soybean Meal Prices Look Set to Head Lower