Soybeans are advancing in active trade on Tuesday, with prices climbing up to 1¼ cents per bushel by midday. The national average cash bean price stands at $12.70¾, reflecting a 1¼ cent increase. Soymeal futures have risen $4.30, while soy oil prices declined by 55 points to 61 points.
The USDA’s Crop Progress report from NASS indicates that 62% of the U.S. soybean crop has dropped leaves as of September 20, with harvest progressing at 12% completion—exceeding the typical 8% pace for this period. Condition ratings remained stable at 58% good-to-excellent, though the Brugler500 index slipped one point, shifting from fair to poor at 352.
The Argentine grain exchange projects the 2026/27 soybean crop at 53.6 million metric tons, up from the previous year’s 50.1 million. Meanwhile, China’s Sinograin conducted a sale of 338,674 metric tons on Tuesday, absorbing over 62% of the available supply, and announced an additional 514,000-ton sale for the following Monday.
Market prices for key soybean contracts show mixed movements: November 2026 futures are at $13.29¼, up 1¼ cents; December 2026 contracts trade at $12.70¾, up 1¼ cents; January 2027 futures are at $13.44¾, up ¾ cent; and March 2027 futures remain unchanged at $13.51¾.
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