Soybeans Slipping Slightly on Thursday

Soybeans are trading with most contracts fractionally to a penny lower on Thursday.  The cmdtyView national average Cash Bean price is down 1/2 cent at $11.28 1/2. Soymeal futures are up 50 to 70 cents so far on Thursday with Soy Oil 10 points higher to down 37 points. There was just 1 delivery issued against August beans overnight. For the products, there were 15 deliveries for August soy meal and 41 for bean oil.

A private export sale of 122,000 MT of soybeans was reported to China this morning for 2026/27.

USDA released their weekly Export Sales report this morning with a total of 32,157 MT sold for old crop in the week of 7/30, shy of estimates for 100,000-400,000 MT. That was a marketing year low as we get into the last month for 2025/26. New crop business was tallied at 903,920 MT, on the low side of  the 0.9-1.55 MMT estimates.  That was a 4-week low for sales.

Soybean meal sales were tallied at 248,090 MT in that week, in the middle of the expected range of 200,000 to 500,000 MT, with 101,411 MT for the current MY and 146,679 MT for 2026/27. Bean oil bookings were net sales of 3,926 MT, which was between estimate of net cancellations of 10,000 MT to sales of 10,000 MT. 

The NOAA 7-day QPF shows rains across much of IA, MO, IL, IN, WI, MI, and OH over the next week with totals nearing 1 to up to 4 inches in some locations. 

Aug 26 Soybeans  are at $11.52, up 1/2 cent,

Nearby Cash  is at $11.28 1/2, down 1/2 cent,

Sep 26 Soybeans  are at $11.55 1/2, down 1 cent,

Nov 26 Soybeans  are at $11.74 1/4, down 1/2 cent,

New Crop Cash  is at $11.15 3/4, down 1/4 cent,