Soybeans are trading with fractional to 2 cent gains early on Friday. Futures firmed late on Thursday, with contracts closing near the highs and 6 to 9 cents off the lows to post 1 to 5 ¾ cent gains in the front months. The cmdtyView national average Cash Bean price was up 3 cents at $11.32. Soymeal futures were 20 cents to $1.40 higher to close Thursday, with Soy Oil 5 points lower to 27 points higher. There were no new delivery notices issued against August soybeans overnight, with 15 for August meal and 3 against August bean oil.
A private export sale of 122,000 MT of soybeans was reported to China on Thursday morning for 2026/27. Wire reports suggested Chinese buyers purchased 10 cargoes of US soybeans on Thursday.
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. 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. That was a 4-week low for 2026/27 sales. Unknown buyers were the bulk of the purchases, at 497,500 MT, with 330,000 MT sold to China.
A Reuters survey of traders shows expectations for NASS to peg US soybean yield at 52.9 bpa next Wednesday. Harvested acres are seen 163,000 acres higher than in the June report at 84.564 million acres, with production seen at 4.472 bbu.
Soybean exports out of Brazil in July totaled 13.4 MMT according to trade ministry data, which was a 9.33% increase from last year but down 7.58% from a year ago. August exports are expected to total 9.74 MMT according to ANEC, which would be 1.63 MMT from the same period last year.
China’s soybean imports totaled 11.48 MMT in July, a 1.6% decrease from the same month last year. Sinograin, a Chinese stockpiler, will auction off 516,000 MT of imported soybeans on August 12.
Aug 26 Soybeans closed at $11.57 1/4, up 5 3/4 cents, currently up 1/2 cent
Nearby Cash was $11.32 1/1, up 3 cents,
Sep 26 Soybeans closed at $11.60, up 3 1/2 cents, currently up 2 cents
Nov 26 Soybeans closed at $11.77 3/4, up 3 cents, currently up 1 3/4 cents
New Crop Cash was $11.18 1/2, up 3 1/4 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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