Soybeans Slipping Back in Friday Morning

Soybeans are trading with Friday AM losses of 4 to 5 cents. Futures posted gains of 4 ½ to 9 cents across the board on Thursday, with November 26 cents off the early lows. Open interest was up 12,166 contracts on Thursday. The cmdtyView national average Cash Bean price was up 4 3/4 cents at $12.57. Soymeal futures were up $3.40 to $6.00, with Soy Oil back down 41 to 101 points on the day. The market will be closed on Monday for Labor Day. There were 6 delivery notices against September beans overnight, with 77 issued against soy meals and 74 for bean oil.

USDA reported a private export sale of 192,000 MT to China on Thursday morning for 2026/27 shipment.

Export Sales data showed old crop bean cancellations of 94,181 MT. That is normal for that late in the marketing year. Bookings for 2026/27 soybeans were tallied at 1.948 MMT. That was back down from last week but was the second largest for the marketing year. China was the buyer of 972,000 MT, with 669,000 MT sold to unknown buyers and 207,000 MT to Egypt.

Soybean meal sales were shown with 29,370 MT for the current marketing year and 701,850 MT for next MY, within estimates of 125,000 MT to 1.1 MMT in that week. Bean oil bookings were tallied at 5,287 MT, with 1,324 MT for 2025/26 and 3,963 MT for 2026/27, falling between estimate of net cancellations of 10,000 MT to net sales of 10,000 MT. 

Monthly Census data was released on Thursday, with a total of 1.89 MMT (69.5 mbu) of soybeans shipped in July. That was a 4-year high, up 6.29% from last year, but 1.34% below June. Soybean meal shipments were 1.591 MMT, a record for the month and up 19.7% from last year.

Sep 26 Soybeans  closed at $13.06 1/4, up 4 1/2 cents, currently up 1 3/4 cents

Nearby Cash  was $12.57 1/1, up 4 3/4 cents,

Nov 26 Soybeans  closed at $13.16 1/4, up 6 cents, currently down 4 1/4 cents

Jan 27 Soybeans  closed at $13.31 1/2, up 6 1/2 cents, currently down 4 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.