Soybeans were down 9 to 17 cents across the board on Friday, as November held on for a 7 cent gain for the week. The cmdtyView national average Cash Bean price was down 16 1/4 cents at $12.44 1/4. Soymeal futures were back down $7 to $14.10 in the front months, with October posting a $7.80 gain this week. Soy Oil were down 89 to 129 points on Friday, with October down 149 points this week.
CFTC data from Friday showed managed money backing off from their previous record net long in soybean futures and options by 21,321 contracts in the week of 9/15 to 244,710 contracts.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.The USDA reported a private export sale of 111,000 MT of soybeans for 2026/27 to China this morning. China’s President Xi will be in the US next week to meet with President Trump, with trade a topic of conversation. Secretary Bessent headed to China for this weekend to set up talks for next week.
USDA’s Export Sales report took the current marketing year sale commitments for corn to 20.631 MMT, more than double the same week last year. That is already 45% of the USDA export projection and ahead of the 36% average over the last 5 years.
Sinograin, China’s state stockpiler, is set to auction off 543,000 MT of imported beans next Tuesday.
Nov 26 Soybeans closed at $13.03 1/2, down 16 1/4 cents,
Nearby Cash was $12.44 1/4, down 16 1/4 cents,
Jan 27 Soybeans closed at $13.20, down 17 cents,
Mar 27 Soybeans closed at $13.29 1/2, down 16 1/4 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.