Soybeans are down 1 to 3 cents in the front months on Thursday with some deferreds showing strength. First notice day for November is on Friday. The cmdtyView national average Cash Bean price is down 2 3/4 cents at $11.64 1/4. Soymeal futures are $5.20 to $6.50 lower, as Soy Oil futures are 1 to 5 points higher.
The average close for November soybean futures in October has been $12.67, with just 2 days left for the harvest price crop insurance discovery period.
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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.
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 are at $12.21 1/2, down 3 cents,
Nearby Cash is at $11.64 1/4, down 2 3/4 cents,
Jan 27 Soybeans are at $12.36 1/4, down 1 3/4 cents,
Mar 27 Soybeans are at $12.45, down 1 cent,
Nov 27 Soybeans are at $12.10 1/2, up 3 3/4 cents,
'27 New Crop Cash is at $11.40 3/4, up 2 3/4 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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