Soybeans Decline While Other Grains Hold Steady
On Monday morning, soybean futures are declining by 4 to 6.5 cents per bushel after rising late on Friday with gains of up to 4.25 cents at the close. The national average cash bean price increased by 3.25 cents to $12.02. Meanwhile, soymeal prices rose between $2 and $3.60, while soy oil futures fell sharply, losing as much as 184 points. The USDA reported that on Friday morning, a total of 712,000 metric tons (MT) of the 2026/27 crop were sold to China and an additional 720,000 MT went to unknown destinations. Pro Farmer estimates from last week's Crop Tour suggest a U.S. national yield at 53.3 bushels per acre with production expected at 4.572 billion bushels. CFTC Commitment of Traders data showed managed money increasing their net long position by 50,300 contracts to reach 151,662 as of August 18.
Topics: CFTC report futures trading soybeans USDA data