Soybeans posted gains of 20 to 28 ½ cents across most contracts at the Wednesday close, with meal gaining some steam. The cmdtyView national average Cash Bean price was up 28 1/2 cents at $12.30 3/4. Soymeal futures were $5.90 to $10.10 higher on the day, with Soy Oil back down 4 to 30 points in the front months and up 3 to 26 points in the deferreds.
USDA reported a private export sale of 333,000 MT of soybeans to China this morning for 2026/27.
The weekly Export Sales report will be released on Thursday morning, with traders looking for a range of 200,000 MT in net cancellations to net sales of 200,000 MT in old crop beans for 2025/26 during the week of 8/20. New crop sales are seen at 1.5-3 MMT, as over 1.7 MMT was announced in daily sales last week. Soy meal sales are seen in a range of 200,000 to 800,000 MT for both this marketing year and next. Bean oil business is expected to come in between net cancellations of 2,000 to net sales of 17,000 MT.
China’s Sinograin sold 222,782 MT of the 290,000 MT of imported soybeans offered on the Wednesday auction overnight.
Sep 26 Soybeans closed at $12.54 1/4, up 26 1/4 cents,
Nearby Cash was $12.30 3/4, up 28 1/2 cents,
Nov 26 Soybeans closed at $12.66, up 28 1/4 cents,
Jan 27 Soybeans closed at $12.80 3/4, up 28 1/2 cents,
New Crop Cash was $12.08 3/4, up 27 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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