Soybeans are trading with contracts 3 to 7 cents higher at midday. The cmdtyView national average Cash Bean price was up 5 1/4 cents at $11.45 1/2. Soymeal futures are up 1.30 at midday, with Soy Oil 30 to 38 points. There were 138 deliveries against August soybeans overnight, with 10 deliveries for August bean oil and 1 for meal. August Expires today.
USDA reported a private export sale of 136,000 MT of soybeans to China this morning for 2026/27 shipment. That took the total sales announced for the week to 641,000 MT all to China.
USDA Export Sales data now has old crop soybean sales at 41.79 MMT, or 101% of the USDA forecast, which is near the 102-103% average sales pace from the last few years. Shipments are 39.587 MMT, which is 96% of the USDA number. New crop bean sales are 10.13 MMT, which is a 4-year high and more than double the same period last year.
NOPA data will be released on Monday, with traders looking for an estimated 221.5 million bushels of soybeans crushed during July, which would be more than 25 mbu above the same month last year if realized. Soybean oil stocks are seen at 1.454 billion lbs.
China’s Sinograin will auction off another 360,000 MT of imported beans on Wednesday.
Aug 26 Soybeans are at $11.68 1/4, up 3 1/2 cents,
Nearby Cash is at $11.45 1/2, up 5 1/4 cents,
Sep 26 Soybeans are at $11.72 1/4, up 6 1/4 cents,
Nov 26 Soybeans are at $11.87 1/4, up 5 cents,
New Crop Cash is at $11.29, up 4 3/4 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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