Soybean Mar '23 (ZSH23)
Soybean Futures Market News and Commentary
Soybeans pushed higher late on Friday, with contracts up 1 to 4 ¼ cents at the close. September was up 47 ¼ cents on the week, with November 47 cents higher. September options expired today. The cmdtyView national average Cash Bean price was up 3 1/4 cent at $12.02. Soymeal futures posted gains of $2 to $3.60 on the day, with September up $7.50 on the week. Soy Oil posted losses of 56 to 184 points, with September slipping 9 points since last Friday.
USDA reported a total of 712,000 MT of 2026/27 soybeans to China this morning, with 720,000 MT sold to unknown destinations
Following this week’s Crop Tour, Pro Farmer estimates the US national yield at 53.3 pba, with production at 4.572 bbu.
Commitment of Traders data from CFTC showed managed money adding back 50,300 contracts to their net long position in the week ending on August 18. That took their net long to 151,662 contracts.
Export Sales data from Thursday has 2025/26 soybean sales at 39.992 MMT, which is... Read more
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Soybeans pushed higher late on Friday, with contracts up 1 to 4 ¼ cents at the close. September was up 47 ¼ cents on the week, with November 47 cents...
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