Soybeans Rise as Prices Push Higher into Wednesday Close
On September 17, 2026, soybean prices closed higher during the midweek session with contracts rising between 1.75 to 3.5 cents per bushel. The cmdtyView national average Cash Bean price increased by 1.75 cents to $12.6275. In contrast, soymeal futures fell by 20 cents and soy oil prices dropped between 50 to 69 points. Analysts anticipate USDA's Export Sales report on Thursday morning will show sales of 0.9-2.4 million metric tons (MMT) for the week ending September 15, with soymeal bookings expected at 150,000–650,000 MT and net cancellations or combined sales in bean oil between -10,000 to +10,000 MT. Additionally, Stats Canada estimates the Canadian canola crop for 2026/27 at 22.05 MMT—a slight decline from last year—while soybean output is projected up by 7.8% to 7.456 MMT. The rise in soybean prices reflects strong market demand and expectations of updated export data, which could influence further price movements.
Topics: futures_prices soybeans USDA_export_sales