Soybean Prices Rise Amid Export Sale to China
Soybeans are trading with gains of 4 to 6 cents across most contracts, supported by a reported private export sale of 136,000 metric tons (MT) to China for the 2026/27 crop year. The cmdtyView national average Cash Bean price rose 5.5 cents to $11.81 at midday on Tuesday. Meanwhile, soymeal futures are down by about 60 cents in front months and soy oil is also falling by around 125-150 points. The Pro Farmer Crop Tour has begun, with early data showing lower-than-average pod counts in South Dakota and Ohio, raising concerns over potential supply constraints. The USDA’s National Agricultural Statistics Service (NASS) reported that 96% of the U.S. soybean crop was blooming as of August 16, ahead of a five-year average but with some regional condition declines noted.
Topics: commodities prices crop conditions soybeans USDA export sales