Soybeans are posting midday gains of 2 to 4 cents on Friday, as traders square up into the weekend. The cmdtyView national average Cash Bean price was up 3 cents at $11.32. Soymeal futures are $1.40 to $1.80 higher to close Thursday, with Soy Oil 24 points lower to 59 points higher. There were no new delivery notices issued against August soybeans overnight, with 15 for August meal and 3 against August bean oil.
A private export sale of 238,000 MT of soybeans was reported to China this morning for 2026/27. Wire reports suggested Chinese buyers purchased 10 cargoes of US soybeans on Thursday.
A Reuters survey of traders shows expectations for NASS to peg US soybean yield at 52.9 bpa next Wednesday. Harvested acres are seen 163,000 acres higher than in the June report at 84.564 million acres, with production seen at 4.472 bbu.
USDA released their weekly Export Sales report on Thursday with the total accumulated sales (shipped and unshipped) at 41.715 MMT, down 19 from last year. That is still 101% of the USDA export forecast and lags the 103% pace from a year ago. New crop sales are at 8.373 MMT, not including the daily announcements from this week, which is a 4 year high and 133.9% above the same week last year.
Soybean exports out of Brazil in July totaled 13.4 MMT according to trade ministry data, which was a 9.33% increase from last year but down 7.58% from a year ago. August exports are expected to total 9.74 MMT according to ANEC, which would be 1.63 MMT from the same period last year.
China’s soybean imports totaled 11.48 MMT in July, a 1.6% decrease from the same month last year. Sinograin, a Chinese stockpiler, will auction off 516,000 MT of imported soybeans on August 12.
Aug 26 Soybeans are at $11.60 3/4, up 3 1/2 cents,
Nearby Cash is at $11.36, up 4 1/2 cents,
Sep 26 Soybeans are at $11.62 1/2, up 2 1/2 cents,
Nov 26 Soybeans are at $11.80 1/4, up 2 1/2 cents,
New Crop Cash is at $11.21 1/2, up 2 1/2 cents,
