Soybeans Slipping Out of Labor Day Weekend

Soybeans are trading with losses of 5 to 6 cents on Tuesday morning. Futures posted Friday losses of 6 ½ to 12 ½ cents, as November saw a 21 ¾ cent gain on the week. Open interest was up 8,381 contracts on Friday. The cmdtyView national average Cash Bean price was down 6 1/4 cents at $12.51 3/4. Soymeal futures were mixed as contracts were down $1.90 to 20 cents higher on the Friday session, with October up $5.70 last week. Soy Oil was 29 to 81 points lower, as October fell 193 points since last Friday. There were no deliveries against September soybean futures overnight, with 106 deliveries for September meal and 11 for bean oil. 

USDA reported private export sales of 250,600 MT to unknown destinations during the reporting period on Friday for 2026/27 shipment. That took the weekly total of announced sales to 939,600 MT to both unknown and China.

The weekly CFTC report indicated managed money increasing their net long in soybean futures and options by 42,929 contracts to a near record 241,183 contracts, mainly via new longs. Specs in soybean meal were reported at their largest recorded net long of 158,741 contracts as of Tuesday, a shift of 61,705 contracts. 

Brazil soybean shipments were pegged at 9.81 MMT during August according to trade ministry data. That was down from July, but still 5.17% above the August 2025. 

Chinese import data showed August imports at 12.14 MMT, which was up 5.7% from the same month last year.

Sep 26 Soybeans  closed at $12.93 3/4, down 12 1/2 cents, currently up 4 1/2 cents

Nearby Cash  was $12.51 3/4, down 6 1/4 cents,

Nov 26 Soybeans  closed at $13.09 3/4, down 6 1/2 cents, currently down 4 3/4 cents

Jan 27 Soybeans  closed at $13.25, down 6 1/2 cents, currently down 4 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. For more information please view the Barchart Disclosure Policy here.