Soybeans with contracts 19 to 20 cents higher across most contracts at midday. The cmdtyView national average Cash Bean price was is 19 1/2 cents at $11.71 1/2. Soymeal futures are trading with $2 to $3 gains, as Soy Oil is rallying 190 to 195 points.
USDA’s FGIS tallied soybean export shipments at 270,201 MT (9.93 mbu) during the week ending on August 13. That was 34% below the week prior and 46.3% shy of the same week last year. Japan was the top destination of 76,179 MT, with 57,710 MT headed to Egypt and 52,390 MT to Mexico. Marketing year exports for 2025/26 are 40.04 MMT (1.47 bbu), which is now 18.2% below the same period last year.
Portions of the Eastern Corn Belt saw flooding over the last week, which likely caused some crop damage, though the extent is now yet known.
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.
NOPA data from this morning showed 216.65 million bushels crushed during July, which was shy of the estimated 221.5 mbu. That was still a record for the month, 10.7% above last year and 1.08% larger than in June. Soybean oil stocks were tallied at 1.36 million lbs, below estimates, a 9.39% decline from June and 1.35% below last year.
Sep 26 Soybeans are at $11.97 1/2, up 19 3/4 cents,
Nearby Cash is at $11.71 1/2, up 19 1/2 cents,
Nov 26 Soybeans are at $12.12 1/2, up 20 cents,
Jan 27 Soybeans are at $12.28, up 20 1/4 cents,
New Crop Cash is at $11.55 1/2, up 19 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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