Soybeans See Modest Gains Amid Mixed Market Conditions
On Monday, soybean futures posted gains of around 2 to 3 cents at midday trading. The national average Cash Bean price rose by 20.5 cents to $12.5375 per bushel. Meanwhile, soymeal futures fell by $2.80 to $3 on the day while soy oil increased by six points. USDA reported a private export sale of 159,000 metric tons for the 2026/27 crop year but did not disclose the destination. Export shipments during the week ending August 27 totaled 250,801 metric tons (9.22 million bushels), which was significantly lower than both the previous week and the same period last year by over 40% and nearly half respectively. Mexico led as the top destination for soybean exports that week. Managed money investors added to their net long position in soybeans, increasing it to 198,254 contracts following a weekly addition of 46,592 contracts.
Topics: commodity_prices export_sales soybeans