Soybean futures posted gains of 14 to 30 cents across most contracts on Friday. The September contract added 51¼ cents for the week, while the November contract rose 48½ cents. The cmdtyView national average cash bean price increased by 20½ cents to $12.53¾. Soymeal futures advanced $1 to $8.10, with the front‑month contracts leading the charge; September soymeal gained $20.50 on the week. Soy oil rebounded, climbing 167 to 259 points, with the September contract up 124 points over the same period.
The USDA reported a private export sale of 182,000 metric tons of soybeans to China for the 2026/27 marketing year, in addition to 226,000 metric tons sold to an unspecified destination during the reporting period. A further 200,000 metric tons of soybean meal was sold, split equally between Germany and the Netherlands at 100,000 metric tons each.
CFTC Commitment of Traders data indicated that managed money increased its net long position by 46,592 contracts in the week ending August 25, lifting the total net long to 198,254 contracts.
Media reports indicated that the EPA was considering additional small‑refinery exemptions this week, and Reuters noted that the White House is evaluating a 500‑million‑gallon increase in quotas for 2027 to counterbalance the higher‑than‑anticipated exemptions. No official announcement has been made by the administration.
The weekly Export Sales report revealed that old‑crop soybean sales, including both shipped and unshipped quantities, reached 41.95 million metric tons, a 17% decline from the prior year. This volume represents 101% of the USDA export forecast and is comparable to last year’s total. Cumulative sales for the 2026/27 marketing year have already reached 14.334 million metric tons—nearly double the level recorded at the same time last year and the fourth‑largest for this week in the past decade.
Sinograin, China’s state‑run grain reserve operator, plans to auction 68,000 metric tons of soybeans on September 2.
As of September 26, soybean futures settled at $12.76¼, up 19¾ cents.
Spot cash prices were $12.53¾, gaining 20½ cents.
November 2026 contracts closed at $12.88, up 20 cents.
The January 2027 contract finished at $13.02¾, up 19¾ cents.
New‑crop cash prices were $12.31½, a rise of 21 cents.
