Soybeans are holding steady on Friday morning. Futures were down 10 to 15 ¼ cents in the front months, with other contracts fractionally to 8 cents lower. Open interest suggested new selling, up 8,425 contracts. The cmdtyView national average Cash Bean price was down 14 1/2 cents at $11.31. Soymeal futures were $3.70 to $5.10 higher across most contracts, with Soy Oil futures 90 to 120 points lower. There were no deliveries against July soy meal, wit 11 issued for bean oil.
USDA reported another private export sale of 136,000 MT of 2026/27 soybeans to China on Thursday morning, with 120,000 MT for 2026/27 to unknown destinations.
Export Sales data tallied 2025/26 soybean sales at 54,349 MT in the week of July 2. That was slightly higher than last week’s marketing year low. China was the buyer of 202,100 MT, with 204,000 MT switched from unknown. Sales for 2026/27 were tallied at 408,250 MT, which was the second largest total for the marketing year. Unknown destinations was the buyer of 338,000 MT, with 54,000 MT to Colombia.
Soy meal sales were tallied at 321,513 MT, vs. estimate if 250,000 to 600,000 MT in total, with 225,542 MT for the current marketing year and 95,989 MT for 2026/27. Bean oil sales were at just 878 MT, which was in the middle of the expected range of net reductions of 5,000 MT and sales of 10,000 MT.
WASDE data will be updated today, as a Bloomberg survey of traders shows old crop bean stocks down 3 mbu to 337 mbu. New crop stocks are seen up 22 mbu, mainly on an increase to production from the increased acreage from the June Acreage report.
Jul 26 Soybeans closed at $11.79 3/4, down 15 1/4 cents, currently up 1 1/4 cents
Nearby Cash was $11.31, down 14 1/4 cents,
Aug 26 Soybeans closed at $11.77 3/4, down 15 1/2 cents, currently up 1/4 cent
Nov 26 Soybeans closed at $11.81 1/2, down 10 3/4 cents, currently down 1 cent
New Crop Cash was $11.15 1/4, down 10 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
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