Soybeans Find Strength to Close the Week

Soybeans posted gains of 5 ½ to 11 ¾ cents across most contracts on Friday, with September up 18 ¾ cents on the week. November was up 16 ¼ cents. The cmdtyView national average Cash Bean price was up 10 3/4 cents at $11.50. Soymeal futures closed the session with contracts up a dime to $2.80, with September up $1.30 this week.  Soy Oil were 9 to 65 points higher, with September 120 in the green for the week. August futures across the complex expired 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. 

Commitment of Traders data from CFTC showed managed money cutting back 24,104 contracts from their net long position in the week ending on August 11. That took their net long to 101,362 contracts.

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  closed at $11.73 3/4, up 9 cents,

Nearby Cash  was $11.51, up 10 3/4 cents,

Sep 26 Soybeans  closed at $11.77 3/4, up 11 3/4 cents,

Nov 26 Soybeans  closed at $11.92 1/2, up 10 1/4 cents,

New Crop Cash  was $11.35 3/4, up 10 1/2 cents,