Soybeans Bouncing Back on Friday Morning

Soybeans are showing 10 to 14 cent gains in early Friday trade. Futures closed Thursday trade with contracts 11 to 14 ½ cents lower, as November was the exception, down 2 cents. Open interest was up 14,141 contracts on Thursday, suggesting new selling interest. There were 6 deliveries against November soybeans overnight, with expiration set for today. The cmdtyView national average Cash Bean price was down 8 1/2 cents at $11.60 1/4. Soymeal futures were down $2.20 to $4.30, with Soy Oil futures 41 to 51 points lower.

The USDA reported a private export sale of 136,000 MT of soybeans for 2026/27 all to China this morning.

Export Sales data will be pushed back to Friday due to the Wednesday Veterans Day federal holiday. Traders surveyed by Reuters are looking for 0.85-2 MMT in 2026/27 soybean sales in the week ending on 11/5. Bookings for 2027/28 are estimated to total 0-50,000 MT. Soybean meal sales are seen in a range of 250,000 to 450,000 MT, with bean oil 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  closed at $12.27, down 2 cents, currently up 1 1/2 cents

Nearby Cash  was $11.60 1/4, down 8 1/2 cents,

Jan 27 Soybeans  closed at $12.19, down 11 3/4 cents, currently up 14 cents

Mar 27 Soybeans  closed at $12.25, down 13 cents, currently up 13 1/4 cents

Nov 27 Soybeans  closed at $11.76, down 12 1/4 cents, currently up 10 1/2 cents

New Crop Cash  was $11.08 3/4, down 12 1/2 cents,