Soybeans are showing 2 to 3 cent gains so far on Thursday rallying off the early double digit losses. The cmdtyView national average Cash Bean price is up 2 3/4 cents at $12.32 1/2. Soymeal futures are $1.30 to $1.70 higher so far on the day, with Soy Oil back up 22 to 30 points.
The weekly Export Sales report from this morning, showed 73,913 MT of 2025/26 soybean sales within estimates of 200,000 MT in net cancellations to net sales of 200,000 MT during the week of 8/20. That was a 3-week low as we approach the end of the marketing year. New crop sales were reported at 2.478 MMT, which was in the higher side of the 1.5-3 MMT estimates. That was a marketing year high and more than double the same week last year.
Soy meal sales were tallied at 427,480 MT, which was in the middle of the estimated range of 200,000 to 800,000 MT, with 104,702 MT for the current marketing year and 322,778 MT for next MY. Bean oil business was pegged at 360 MT for the current marketing year, and 0 MT for 2026/27, with combined sales falling in the middle of the expected range of between net cancellations of 2,000 to net sales of 17,000 MT.
European Commission data showed EU soybean imports for 2026/27 at 14.5 MMT, which was up 0.6 MMT from last month’s estimate.
Sep 26 Soybeans are at $12.57, up 2 3/4 cents,
Nearby Cash is at $12.32 1/2, up 2 3/4 cents,
Nov 26 Soybeans are at $12.68, up 2 cents,
Jan 27 Soybeans are at $12.82 3/4, up 2 cents,
New Crop Cash is at $12.10 1/2, up 2 1/2 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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