Soybeans posted Monday gains of 5 to 9 ¾ cents at the close. The cmdtyView national average Cash Bean price was up 7 3/4 cents at $12.44 1/4. Soymeal futures were up 40 cents to $3.40, with Soy Oil 35 to 56 points higher across the board. There was just 1 delivery issued against September soybeans, with 1 for soybean meal and 2 deliveries against September bean oil. September expired today.
Monday’s Crop Progress report from NASS showed 44% of the US soybean crop dropping leaves as of Sunday. Harvest was listed at 6% complete, ahead of the 3% average pace. Condition ratings were steady at 58% gd/ex, with the Brugler500 index unchanged at 353.
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USDA’s FGIS tallied soybean export shipments at 672,75 MT (24.72 mbu) during the week ending on September 10. That was 44.8% above the week prior and 18.2% lower than the same week last year. China was the top destination of 328,245 MT, with 74,200 MT headed to Indonesia and 65,070 MT to Japan. Marketing year shipments are 914,826 MT (33.61 mbu) for the first week and a half of the MY and 15.8% below the same time last year.
NOPA data will be released on Tuesday, with traders looking for 211.55 million bushels of soybeans crushed among members during the month. Soybean oil stocks are estimated at 1.257 billion lbs.
Early on Monday, CHS announced a new 80 mbu/year crush facility in Evansville, WI, with a targeted completion date of the fall of 2028.
AgRural estimates the 2026/27 soybean crop in Brazil at 0.4% planted as of Thursday.
Nov 26 Soybeans closed at $13.04 1/4, up 7 3/4 cents,
Nearby Cash was $12.45 1/4, up 7 3/4 cents,
Jan 27 Soybeans closed at $13.20 1/4, up 8 1/4 cents,
Mar 27 Soybeans closed at $13.28, up 9 1/4 cents,
On the date of publication,
Austin Schroeder
did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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