Soybeans Pulling Back on Thursday
Soybeans are trading with losses of 10 to 12 cents across the front months on the session. The cmdtyView national average Cash Bean price is up 8 3/4 cents at $11.60 3/4. Soymeal futures are down $3 to $3.70, with Soy Oil futures 50 to 60 points lower.
The USDA reported a private export sale of 136,000 MT of soybeans for 2026/27 all to China this morning.
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Export Sales data will be pushed back to Friday due to the Wednesday Veterans Day federal holiday. Traders surveyed by Reuters are looking for 0.85-2 MMT in 2026/27 soybean sales in the week ending on 11/5. Bookings for 2027/28 are estimated to total 0-50,000 MT. Soybean meal sales are seen in a range of 250,000 to 450,000 MT, with bean oil between 0-10,000 MT.
Nov 26 Soybeans are at $12.28 1/2, down 1/2 cent,
Nearby Cash is at $11.60 3/4, down 8 3/4 cents,
Jan 27 Soybeans are at $12.20 3/4, down 10 cents,
Mar 27 Soybeans are at $12.26 1/2, down 11 1/2 cents,
Nov 27 Soybeans are at $11.76 3/4, down 11 1/2 cents,
'27 New Crop Cash is at $11.09 1/1, down 11 1/4 cents,
On the date of publication, Austin Schroeder did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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