Soybeans fell from the intraday highs on Tuesday, with contracts closing fractionally to 6 cents higher, as September was down ¼ cent. The cmdtyView national average Cash Bean price was up 1 cent at $11.76. Soymeal futures held firm into the close, with contracts up a dime to $3, as Soy Oil was back down 77 to 175 points.
USDA reported a private export sale of 136,000 MT of soybeans to China this morning for 2026/27.
The ProFarmer Crop Tour started on Monday, with South Dakota pod counts in a 3’x3’ square averaging 945.98, 20.4% below last year and 12.07% the 3 year average. Ohio pod counts came in at 1,197.25 bpa, down 6.99% from a year ago and a 4.74% decline from the three year average. Results for Indiana and Nebraska will be announced later this evening.
Weekly Crop Progress data from NASS condition ratings were down 1% at 61% gd/ex, with the Brugler500 index unchanged at 361. There was deterioration noted (via the Brugler500 index) in SD (-13), MN (-8), IN (-6), MO (-3), as well as KS, LA, MI, MS, NC, TN, and WI. There was some modest improvement in IA (+2), NE (+4), ND (+9), and OH (+3).
Brazilian soybean exports are estimated at 10.56 MMT according to ANEC, which is down 0.32 MMT from the previous week.
Sep 26 Soybeans closed at $12.00 3/4, down 1/4 cent,
Nearby Cash was $11.76 1/2, up 1 cents,
Nov 26 Soybeans closed at $12.16 3/4, up 3/4 cent,
Jan 27 Soybeans closed at $12.31 1/2, up 1/2 cent,
New Crop Cash was $11.59, up 3/4 cent,
