Soybean Bulls Pushing Higher at Midday

Soybeans are showing firmer trade on Tuesday, with contracts up to 1 ¼ cents higher at midday. The cmdtyView national average Cash Bean price is up 1 1/4 cents at $12.70 3/4. Soymeal futures are up another $4.30, with Soy Oil down 55 to 61 points.

USDA's Crop Progress report from NASS showed 62% of the US soybean crop dropping leaves as of 9/20. Harvest was listed at 12% complete, ahead of the 8% average pace. Condition ratings were steady at 58% gd/ex, with the Brugler500 index slipping 1 point on a move from fair to poor at 352.

The Buenos Aires Grain Exchange estimates the 2026/27 Argentina soybean crop 53.6 MMT, which would be above the 50.1 MMT from last year.

China's Sinograin sold 338,674 MT of soybeans on Tuesday, which was just over 62% of the total offered. They announced another 514,000 sale for next Monday.

Nov 26 Soybeans are at $13.29 1/4, up 1 1/4 cents

Nearby Cash is at $12.70 3/4, up 1 1/4 cents

Jan 27 Soybeans are at $13.44 3/4, up 3/4 cent

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com