Soybeans Face Tuesday Losses, Fading More Export Business

Soybeans closed the Tuesday session with contracts down 1 ¾ to 9 ¼ cents across the board, as traders were taking more money off the table on election day. The cmdtyView national average Cash Bean price was down 1 1/4 cents at $11.49 1/2. Soymeal futures were down $1.60 to $5.00, with Soy Oil futures mixed, anywhere from 4 points lower to 20 higher. 

USDA reported a private export sale of 134,000 MT of soybeans this morning, to unknown destinations for the 2026/27 marketing year.

Crop Progress data from Monday afternoon indicated 88% of the US soybean crop harvested as of Sunday, now 4 points ahead of average. Very few states were behind schedule, specifically just KS (-6%), MN (-1%), and NE (-4%).

Brazil’s soybean crop is estimated at 184.95 MMT according to StoneX, up 1.59 MMT from their prior number. The StoneX estimate for the US crop saw yield increase 0.9 bpa from last month’s number to 55 bpa, with production up 77 mbu to 4.725 bbu.

Nov 26 Soybeans  closed at $12.03, down 1 3/4 cents,

Nearby Cash  was $11.49 1/2, down 1 1/4 cents,

Jan 27 Soybeans  closed at $12.14, down 2 3/4 cents,

Mar 27 Soybeans  closed at $12.20 3/4, down 5 3/4 cents,

Nov 27 Soybeans  closed at $11.92, down 8 1/2 cents,

New Crop Cash  was $11.24 1/2, down 10 1/4 cents,