Soybeans corrected off midday strength, with contracts closing a penny higher to a penny lower. The cmdtyView national average Cash Bean price was down 1 1/4 cents at $12.61 3/4. Soymeal futures rallied $3.60 to $7.80, with Soy Oil down 13 to 52 points.
The 7-day forecast from NOAA continues to call for heavy rains from parts of SD, NE, and KS through IA, MN, WI, IL, IN, and OH. That will limit early harvest progress.
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USDA’s Export Sales report from this morning showed 1.7 MMT in 2026/27 soybean sales in the week of September 10. That was nearly double the same week last year. China was the primary buyer of 875,300 MT, with 218,900 MT sold to unknown destinations and 138,600 MT to Mexico.
Soybean meal bookings were seen at 210,507 MT, which was on the lower side of the 150,000 and 650,000 MT estimates, with 23,673 MT for the current marketing year and 186,834 MT for 2026/27. Bean oil was tallied at 4,372 MT, with 163 MT in net reductions for 2025/26 and 4,535 MT for 2026/27, between estimates of net cancellations of 10,000 and combined sales of 10,000 MT.
Nov 26 Soybeans closed at $13.19 3/4, down 3/4 cent,
Nearby Cash was $12.61 3/4, down 1 1/4 cents,
Jan 27 Soybeans closed at $13.37, down 1/4 cent,
Mar 27 Soybeans closed at $13.45 3/4, up 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.