Soybeans Holding Steady on Monday Morning

Soybeans are trading with mixed trade, as the front months are trading higher. Futures fell into the Friday close, with contracts down 21 to 35 ¾ cents across the board, as money came off the table. November was down 13 ¼ cents for the week. Some long liquidation was noted, down 10,972 contracts. The cmdtyView national average Cash Bean price was down 36 cents at $12.38 ½. Soymeal futures were down $1.50 to $4.20 at the close, with October down $1.40 last week. Soy Oil was 135 to 227 points lower across the board, as October held on for a 30 point gain for the week. There was just 1 delivery issued against September soybeans, with 1 for soybean meal and 2 deliveries against September bean oil. They expire today.

USDA’s monthly Crop Production report showed soybean yield at 52.8 bpa, up 0.1 bpa from the August projection and compared to estimates of 52.4 bpa. Production was 16 mbu higher to 4.535 bbu, as harvested acres were also raised by 100,000 acres to 85.881 million acres.  

Old crop US stocks were unchanged this month at 325 mbu. With the increase to production, USDA cut carryout for 2026/27 soybeans by 10 mbu to 310 mbu as exports were raised by 10 mbu. Monthly WASDE data showed the 2025/26 world ending stocks estimate up 0.15 MMT to 125.27 MMT, as new crop was down 0.19 MMT to 124.02 MMT. 

Weekly Export Sales data from Friday morning showed 175,309 MT in net cancellations for the week of 9/3 for old crop. New crop sales were seen at 2.637 MMT, as 672,381 MT were rolled over from unshipped 2025/26 sales. 

Commitment of Traders data indicated the managed money spec funds in soybean futures and options adding 24,848 contracts to their net long in soybean futures and options. That stood at a record net long on Tuesday at 266,031 contracts.

AgRural estimates the 2026/27 soybean crop in Brazil at 0.4% planted as of Thursday.

Sep 26 Soybeans  closed at $12.80 1/4, down 35 3/4 cents, currently up 5 cents

Nearby Cash  was $12.38 1/2, down 36 cents,

Nov 26 Soybeans  closed at $12.96 1/2, down 35 3/4 cents, currently up 1 1/2 cents

Jan 27 Soybeans  closed at $13.12, down 35 1/4 cents, currently up 1 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.