Soybeans Correct Lower into the Long Weekend

Soybeans posted Friday losses of 6 ½ to 12 ½ cents, as November saw a 21 ¾ cent gain on the week. The cmdtyView national average Cash Bean price was down 6 1/4 cents at $12.51 3/4. Soymeal futures were mixed as contracts were down $1.90 to 20 cents higher on the Friday session, with October up $5.70 this week. Soy Oil was 29 to 81 points lower, as October fell 193 points since last Friday. The market will be closed on Monday for Labor Day.

USDA reported private export sales of 250,600 MT to unknown destinations during the reporting period this morning for 2026/27 shipment. That took the weekly total of announced sales to 939,600 MT to both unknown and China.

The weekly CFTC report indicated managed money increasing their net long in soybean futures and options by 42,929 contracts to a near record 241,183 contracts, mainly via new longs. Specs in soybean meal were reported at their largest recorded net long of 158,741 contracts as of Tuesday, a shift of 61,705 contracts. 

Export Sales data has old crop bean commitments at 41.86 MMT, down 18% from the same week last year. That is 101% of the USDA export projection. Sales for new crop have accumulated to 16.28 MMT, which is now more than double the same week last year and already 36% of USDA’s projection.

Brazil soybean shipments were pegged at 9.81 MMT during August according to trade ministry data. That was down from July, but still 5.17% above the August 2025.

Sep 26 Soybeans  closed at $12.93 3/4, down 12 1/2 cents,

Nearby Cash  was $12.51 3/4, down 6 1/4 cents,

Nov 26 Soybeans  closed at $13.09 3/4, down 6 1/2 cents,

Jan 27 Soybeans  closed at $13.25, down 6 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.