Soybeans Posts Friday Strength as USDA Shows Better Than Expected Report

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 a 30  mbu increase in exports to offset the 40 mbu increase in production due to more acres. 

On the world side, South America production for 2025/26 was left alone. New crop world carryout was down 0.71 MMT to 124.17 MMT, as there was a 0.19 MMT smaller carryover from 2025/26, with Brazilian exports raised by 0.5 MMT. 

Commitment of Traders data from Friday afternoon showed spec traders adding back 37,479 contracts to their net long position in soybean futures and options in the week ending on July 7. That came via a mix of new long interest and short covering, with the net long at 68,679 contracts. 

Jul 26 Soybeans  closed at $11.96 1/2, up 16 3/4 cents,

Nearby Cash  was $11.45 3/4, up 13 3/4 cents,

Aug 26 Soybeans  closed at $11.91 3/4, up 14 cents,

Nov 26 Soybeans  closed at $11.90 3/4, up 9 1/4 cents,

New Crop Cash  was $11.25 1/1, up 9 1/2 cents,