Soybean Nov '19 (ZSX19)
Soybean Futures Market News and Commentary
Soybeans closed the Friday session with contracts up fractionally in some deferred to as much as 16 ¾ cents. September closed the week with a 55 ½ cent rally, as November was up 43 cents. The cmdtyView national average Cash Bean price was up 13 3/4 cents at $11.45 3/4. Soymeal futures were $2.80 to $3.80 higher across most contracts, as September rallied $14.90 this week. Soy Oil futures were 11 to 54 points higher, as September was 369 points higher on the week.
USDA reported another private export sale of 264,000 MT of 2026/27 soybeans to China this morning via the daily flash sales system.
Heading into the weekend the NOAA 7-day QPF shows 1 to 3 inches expected in a band from MO through the southern half of IL/IN/OH for the next week. The west remains dry for much of NE, the Dakotas, MN, and IA.
WASDE data from today showed a 10 mbu drop to 2025/26 US soybean stocks to 330 mbu on a 10 mbu increase to exports. New crop stocks were steady at 310 mbu, as there was... Read more
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