[Soysoom Markets Experience Sustained Pressure, Gauging New Highs Across Forecasts]
Soybeans are rallying 18 to 20 cents across most contracts as global markets push toward midday valuations. The national cash bean index has risen 19 cents to $12.70 per bushel. Soymeal futures are up $5.30, and soybean oil continues its strong climb, gaining 116 points. There were no deliveries for September soybeans—with 39 units allocated for September meal and one unit for bean oil—on that date. Consequently, the September futures contract expires on Monday.
USDA disclosed private export sale figures today, indicating plans for 272,000 metric tons to China for the 2026/27 season and 206,500 metric tons to unspecified destinations. Weekly export sales data are scheduled for release early Friday.
The Rosario Grains Exchange projects the Argentina soybean harvest at 47.8 MMT for 2026/27, a slight decrease of 0.2 MMT from earlier expectations. Meanwhile, the Buenos Aires Grains Exchange forecasts a roughly 1.2 percent rise in cultivated area, bringing the total to an estimated 17 million hectares (42 million acres).
Monthly pricing shows consistent upward momentum: September 26 registered soybeans at $13.18 ¼, up 23 cents; November 26 reached $13.28 ½, up 19 cents; and January 27 closed at $13.43 ¾, a gain of 18½ cents. These incremental moves reflect broad bullish sentiment ahead of upcoming delivery cycles and expanded foreign shipments.
On the date of publication,
Austin Schroeder