Soybeans are trading with fractional to 6 cent losses at midday. There were 2 more deliveries against November soybeans overnight. The cmdtyView national average Cash Bean price is down 1 1/4 cents at $11.24. Soymeal futures are down 20 cents, with Soy Oil futures falling another 25 to 30 points.
USDA reported a private export sale of 136,000 MT of soybeans to China this morning, all for 2026/27.
Export Sales data took the total accumulated commitments for 2026/27 to 30.234 MMT, which is an increase of 76% from the same period last year. That is also 66% of the USDA export projection and well ahead of the 54% average pace.
Crop Production data will be released next Tuesday from NASS, as a Bloomberg survey of analysts are looking for yield to be raised by 0.4 bushel per acre to 53.5 bpa. Production is seen at 4.596 billion bushel, up 34 mbu from the previous number if realized. WASDE data is expected to show US bean ending stocks up 17 mbu to 332 mbu.
Nov 26 Soybeans are at $11.80 1/2, down 1/2 cent,
Nearby Cash is at $11.23 0/1, down 1 1/4 cents,
Jan 27 Soybeans are at $11.86 3/4, down 1 1/2 cents,
Mar 27 Soybeans are at $11.93 1/4, down 3 cents,
Nov 27 Soybeans are at $11.75 1/4, down 6 1/2 cents,
'27 New Crop Cash is at $11.07 1/4, down 6 cents,
On the date of publication, Austin Schroeder did not directly have a position 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.