Soybeans Post Friday Gains Following Export Announcements

Soybeans posted gains of 9 ½ to 16 cents across the board on Friday, as November expired. January was up 37 ¾ cents for the week. The cmdtyView national average Cash Bean price was up 13 3/4 cents at $11.74. Soymeal futures closed with gains of $3 to $4.40, as December was up $10.60 higher this week. Soy Oil futures were 14 to 39 points higher, as December was 151 points in the green on the week.

The USDA reported a private export sale of 134,000 MT of soybeans to China this morning, with 120,000 MT sold to Vietnam and 100,000 MT unknown destinations, all for 2026/27.

Weekly Export Sales data was delayed a day, with USDA showing 1.155 MMT of 2026/27 sales in the week of 11/5. That was a 4-week low, but still 155.96% larger than the same week last year. The largest buyer was China at 689,200 MT, with 198,000 MT sold to Spain. Bookings for 2027/28 were just 11,200 MT. 

Soybean meal sales were tallied at 360,944 MT, in the middle of estimates of 250,000 to 450,000 MT. Bean oil sales were 1,694 MT comparted to expectations of between 0-10,000 MT. 

NOPA data will be updated on Monday, with traders looking for members’ crush during October to be near 225.42 mbu and a range of 214-236 mbu

CONAB’s soybean production estimate for Brazil was left at 181.6 MMT this morning, steady with their previous month’s number.

The Buenos Aires Grains Exchange estimates the Argentina soybean crop at 17.8% planted, well above last year’s pace and ahead of the average pace of 13.6%.

Nov 26 Soybeans  closed at $12.43, up 16 cents,

Nearby Cash  was $11.74 1/1, up 13 3/4 cents,

Jan 27 Soybeans  closed at $12.31 1/2, up 12 1/2 cents,

Mar 27 Soybeans  closed at $12.37 1/4, up 12 1/4 cents,

Nov 27 Soybeans  closed at $11.87 1/4, up 11 1/4 cents,

New Crop Cash  was $11.18 3/4, up 10 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.