Soybeans finished Monday’s session higher, with contracts up about 7 cents, driven by deferred contracts. The September contract fell slightly, by one cent. The national average cash bean price rose by a quarter cent to $12.53½. Soymeal futures slipped by ten cents to $3.90, while soy oil advanced by 16 points. No delivery notices were filed for September beans; 261 deliveries occurred for September meal and 800 for soybean oil.
On Monday afternoon, the EPA announced 18 small refinery exemptions for 2025, along with 11 partial exemptions, while rejecting three. The total exempt volume amounted to 1.76 million RINs, and the entire shortfall between projected and actual exemptions was reallocated to the 2026 and 2027 renewable volume obligations.
USDA reported a private export sale of 159,000 metric tons to an undisclosed destination for the 2026/27 marketing year.
Monday’s NASS Crop Progress report indicated that 95% of the U.S. soybean crop had set pods by August 30, while 13% of the crop was shedding leaves. Condition ratings fell by two percentage points to 58% good-to-excellent, and the Brugler500 index declined by four points to 353.
USDA’s Foreign Grain Inspection Service recorded 250,801 metric tons (9.22 million bushels) of soybean exports for the week ending August 27, a 41.7% decrease from the previous week and a 49% decline from the same period a year earlier. Mexico was the leading destination with 53,896 metric tons, followed by Algeria (43,299 metric tons) and Egypt (42,394 metric tons). Year‑to‑date marketing year exports for 2025/26 total 40.744 million metric tons (1.497 billion bushels), representing an 18.2% drop from the previous year.
July soybean crush figures are slated for release on Tuesday, with analysts projecting a range of 219 to 221.3 million bushels and an average of 220.1 million bushels. Soybean oil inventories are estimated at 1.878 billion pounds.
On September 26, soybeans closed at $12.75¼, a one‑cent decline; the nearby cash price rose to $12.53½, up a quarter cent. November 26 contracts finished at $12.88 unchanged, while January 27 soybeans rose to $13.03¼, up half a cent. New‑crop cash prices increased to $12.33¼, up 1½ cents.

