Soybean markets sustained momentum through midweek trading, delivering modest gains across key indices. The cmdtyView national average cash bean price advanced 1¼ cents to $11.99½, while soybean meal futures edged lower, dropping 30 cents to $1.10. In contrast, soybean oil recorded notable movement with point gains ranging from 110 to 120.
Separately, the USDA confirmed a total harvest of 150,000 metric tons of 2026/27 soybeans slated for unknown destinations early this morning, signaling ongoing distribution activity.
The ProFarmer Crop Tour documented Illinois pod counts within a 3′×3′ square averaging 1,430.37 pods—a 3.3% decline versus last year, though representing a 2.93% improvement over the three‑year average. Results for Iowa and Minnesota are expected later this evening.
Export sales data this morning indicated old‑crop bean shipments of 85,016 metric tons during the week of August 13, the highest position observed despite outlook estimates forecasting net reductions between 50,000 and 400,000 metric tons. New‑crop production totaled 1.723 million metric tons, alining with analyst projections of 1.0‑1.9 million metric tons—a 52.0% rise from last week’s comparable measure but a 2.09% decrease from the preceding week.
Soybean meal sales accumulated 478,786 metric tons, approaching the upper boundary of preliminary forecasts (150,000‑500,000 metric tons); specifically, the 2026/27 quarter posted 385,994 metric tons. Bean oil sales amounted to 1,225 metric tons, hovering between estimated lows and highs around a 10,000‑metric‑ton swing.
Looking ahead, September 26 saw soybeans trade at $12.22½, showing stability, while nearby cash benchmarks rose to $11.99½, adding 1¼ cents over the period.
Further weekly observations note September 27 at $12.37¾ (a ½‑cent rise), and January 27 at $12.52½, continuing its climb by 1¼ cents.
New‑crop cash pricing remains elevated at $11.81½, reinforcing positive trendlines.
On the date of publication, the author disclosed that no direct or indirect ownership existed in any covered securities. All information and data herein serve solely informational purposes.
For additional context and full disclosure, please review the Barchart Disclosure Policy linked previously in the article.
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