Soybean futures are recovering from Thursday’s decline, with most contracts up 6 to 8 cents at midday. The cmdtyView national average Cash Bean price is up 7.5 cents at $11.625. Soymeal futures are $2.10 to $2.60 lower, while Soy Oil futures gained 223 to 235 points. Crude oil’s rise to $3.26/bbl and heating oil’s increase to $4.0995/gal provided support to bean oil markets.
The USDA reported three private export sales for the new crop: 340,000 MT to China, 256,634 MT to Mexico, and 110,000 MT to unknown destinations. Old crop soybean sales, including shipments and unshipped orders, reached 41.324 million metric tons, aligning with the USDA’s export forecast. Shipments of 38.18 million metric tons account for 92% of the projection, slightly below the 93% average of the past two years. New crop sales now total 4.598 million metric tons.
Safras & Mercado forecasts the 2026/27 Brazilian soybean crop at 180.1 million metric tons, an increase of 1.8 million metric tons from the previous year. August 2026 Soybeans are at $12.015, up 6.5 cents; nearby cash prices at $11.625, up 7.5 cents; September 2026 contracts at $11.925, up 7.25 cents; November 2026 at $12.03, up 8 cents; and new crop cash prices at $11.4225, up 8.25 cents.
