Soybeans Showing Slight Wednesday Strength

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Soybeans Showing Slight Wednesday Strength

Soybeans are showing mostly higher trade at midday, with fractional to 2 cent gains at midday. The cmdtyView national average Cash Bean price is up 1 1/2 cents at $11.73 1/2. Soymeal futures are up 80 cents to $1.60, with Soy Oil futures 90 to 100 points lower. 

The average close for November soybean futures in October has been $12.70, as there are just 3 days left for the harvest price crop insurance discovery period.

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USDA reported a private export sale of 120,000 MT of soybeans to unknown destinations this morning, for 2026/27.

China’s Sinograin sold 172,240 MT of the 512,000 MT offered in an auction on Tuesday. They will auction off another 402,000 MT of imported beans on Tuesday, November 3. 

Nov 26 Soybeans  are at $12.31, up 1 3/4 cents,

Nearby Cash  is at $11.73 1/2, up 1 1/2 cents,

Jan 27 Soybeans  are at $12.44 3/4, up 1 3/4 cents,

Mar 27 Soybeans  are at $12.52 3/4, up 1 cent,

Nov 27 Soybeans  are at $12.12 3/4, up 1/4 cent,

'27 New Crop Cash  is at $11.42 1/4, down 3 cents,


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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