Soybeans are showing 2 to 3 cent gains so far on Thursday rallying off the early double digit losses. The cmdtyView national average Cash Bean price is up 2 3/4 cents at $12.32 1/2. Soymeal futures are $1.30 to $1.70 higher so far on the day, with Soy Oil back up 22 to 30 points.
The weekly Export Sales report from this morning, showed 73,913 MT of 2025/26 soybean sales within estimates of 200,000 MT in net cancellations to net sales of 200,000 MT during the week of 8/20. That was a 3-week low as we approach the end of the marketing year. New crop sales were reported at 2.478 MMT, which was in the higher side of the 1.5-3 MMT estimates. That was a marketing year high and more than double the same week last year.
