Soybeans Slip Lower into the Wednesday Close

Soybeans ended the back and forth Wednesday session with contracts down 4 to 7 ¾ cents in most front months. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $12.52 1/4. Soymeal futures were down 90 cents to $3.00 on the day, with Soy Oil back down 93 to 187 points. There were no delivery notices overnight against September beans, with none for September meal and 256 for September bean oil. 

USDA reported a private export sale of 202,000 MT to China this morning for 2026/27 shipment.

Export Sales data will be released on Thursday, with analysts looking for net cancellations of 200,000 MT to 200,000 MT of sales for 2025/26 soybeans. Bookings for 2026/27 soybeans are seen in a range of 1.4 to 2.5 MMT. Soybean meal sales are seen in a range of 125,000 MT to 1.1 MMT in that week. Bean oil bookings are seen in net cancellations of 10,000 MT to net sales of 10,000 MT. 

Allendale’s estimate for the 2026 US bean crop is 52.6 bpa according to a producer survey, with production at 4.515 bbu. 

Sep 26 Soybeans  closed at $13.01 3/4, down 5 cents,

Nearby Cash  was $12.52 1/4, down 9 1/4 cents,

Nov 26 Soybeans  closed at $13.10 1/4, down 7 1/2 cents,

Jan 27 Soybeans  closed at $13.25, down 7 3/4 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. For more information please view the Barchart Disclosure Policy here.