Soybeans are 9 to 14 cents higher across most contracts on Friday, with expiring November up 16 cents. The cmdtyView national average Cash Bean price is up 13 3/4 cents at $11.74 3/4. Soymeal futures are down $4.20 to $4.60, with Soy Oil futures 24 to 30 points higher.
The USDA reported a private export sale of 134,000 MT of soybeans to China this morning, with 120,000 MT sold to Vietnam and 100,000 MT unknown destinations, all for 2026/27.
Weekly Export Sales data was delayed a day, with USDA showing 1.155 MMT of 2026/27 sales in the week of 11/5, coming in the middle of estimates from traders surveyed by Reuters at 0.85-2 MMT. That was a 4-week low, but still 155.96% larger than the same week last year. Bookings for 2027/28 were just 11,200 MT, vs. estimates of 0-50,000 MT.
Soybean meal sales were tallied at 360,944 MT, in the middle of estimates of 250,000 to 450,000 MT. Bean oil sales were 1,694 MT comparted to expectations of between 0-10,000 MT.
CONAB’s soybean production estimate for Brazil was left at 181.6 MMT this morning, steady with their previous month’s number.
Nov 26 Soybeans are at $12.43, up 16 cents,
Nearby Cash is at $11.74 3/4, up 13 3/4 cents,
Jan 27 Soybeans are at $12.32 3/4, up 13 3/4 cents,
Mar 27 Soybeans are at $12.38 1/4, up 13 1/4 cents,
Nov 27 Soybeans are at $11.86 1/4, up 10 1/4 cents,
'27 New Crop Cash is at $11.18 1/2, up 9 3/4 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.