Soybeans Fall on Thursday

Soybeans close the Thursday session with contracts down 4 ½ to 14 cents in the red. The cmdtyView national average Cash Bean price was down 14 cents at $11.24. Soymeal futures were down $1.40 to $2.50 higher, with Soy Oil futures falling 94 to 132 points. 

Export Sales data from this morning showed 1.456 MMT of 2026/27 bean sales in the week of 10/29. That was a 3-week low, but still 16.63% above the same week last year. China was the buyer of 873,900 MT, with 132,000 MT sold to Algeria.

Soybean meal sales were tallied at 390,381 MT, in the middle of the estimated range of 250,000-500,000 MT. Bean oil sales were 1,523 MT, within the expected 0-10,000 MT. 

Crop Production data will be released next Tuesday from NASS, as a Bloomberg survey of analysts are looking for yield to be raised by 0.4 bushel per acre to 53.5 bpa. Production is seen at 4.596 billion bushel, up 34 mbu from the previous number if realized.

USDA’s GAIN report on China showed the ag attaché estimate for 2026/27 soybean imports at 110 MMT, compared to the 115 MMT official USDA projection.

Nov 26 Soybeans  closed at $11.81, down 12 1/4 cents,

Nearby Cash  was $11.24 1/1, down 14 cents,

Jan 27 Soybeans  closed at $11.88 1/4, down 14 cents,

Mar 27 Soybeans  closed at $11.96 1/4, down 14 cents,

Nov 27 Soybeans  closed at $11.81 3/4, down 6 1/2 cents,

New Crop Cash  was $11.14 3/4, down 7 1/2 cents,

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.