Soybeans Pushing Higher on Friday, Following Export Business

Soybeans are showing Friday gains of 5 to 7 ¼ cents across the front months at midday. There was just 1 soybean delivery against November soybeans overnight on first notice day. The cmdtyView national average Cash Bean price is up 1/4 cents at $11.63. Soymeal futures are $2.80 cents to $3.20 lower, as Soy Oil futures are 65 to 75 points higher. 

The average close for November soybean futures in October has been $12.65, as the harvest price crop insurance discovery will be set at the close.

USDA reported a private export sale of 132,000 MT of 2026/27 soybeans to unknown destinations, with another 165,150 MT sold to unknown during the reporting period. 

Weekly Export Sales data from Thursday has current soybean export commitments at 28.778 MMT, which is 80% above the same week last year. That is already 62% of the USDA export projection, well ahead of last years 39% pace and above the 51% average pace.

Nov 26 Soybeans  are at $12.27, up 7 1/4 cents,

Nearby Cash  is at $11.63, up 1/4 cent,

Jan 27 Soybeans  are at $12.40 1/2, up 5 3/4 cents,

Mar 27 Soybeans  are at $12.50, up 6 1/2 cents,

Nov 27 Soybeans  are at $12.15 3/4, up 6 1/4 cents,

'27 New Crop Cash  is at $11.42 1/2, up 3/4 cent,

On the date of publication, Austin Schroeder did not directly have a position 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.