Soybeans Correcting Lower on Thursday Ahead of Friday USDA Report

Soybeans are posting 9 to 10 cent losses in the front months on Thursday. The cmdtyView national average Cash Bean price is down 9 1/4 cents at $12.31 3/4. Soymeal futures are back down $3 to $8.30 at midday, with Soy Oil futures 25 to 32 points higher.  

Weekly Export Sales data from USDA showed just 549,377 MT of soybean sales in the week of 10/1, which was on the lower side of traders polled by Reuters looking for a range of 0.45 to 1.2 MMT. That was a low for the short marketing year and 40.25% below the same week last year.

Soy meal sales were tallied at 1.047 MMT, with 861,901 MT carried over from the 2025/26 marketing year. Bean oil sales totaled 9,289 MT, as 8,105 MT was carried over from the 25/26 MT.

Traders polled by Bloomberg estimate the US yield to be raised by 0.1 bpa this week in the Crop Production report to 52.9 bpa, with production to up just 3 mbu to 4.538 bbu. US soybean ending stocks are estimated to be down 2 mbu to 308 according to the survey, mainly on the lower 2025/26 carryout.

Nov 26 Soybeans  are at $12.88 1/4, down 9 1/4 cents,

Nearby Cash  is at $12.31 3/4, down 9 1/4 cents,

Jan 27 Soybeans  are at $13.05, down 9 1/2 cents,

Mar 27 Soybeans  are at $13.14 1/2, down 9 1/2 cents,