Soybeans Push Higher into Thursday’s Close

Group 1 - Soybeans closed with gains of 7 to 10 cents across most contracts, with September soybeans closing at $10.15 1/4 [1][3] - The national average Cash Bean price increased by 9 1/2 cents to $9.57 1/4, while soymeal futures rose by $1 to $2.60 [1] - The CME reported 10 deliveries against September soybeans and 96 deliveries for soybean meal, with no deliveries reported for bean oil [1] Group 2 - The USDA's weekly Export Sales report indicated 541,055 MT of 2025/26 sales, with unknown destinations being the largest buyer at 431,700 MT [2] - Total commitments for the 2025/26 marketing year started at 9.35 MMT, the lowest since the 2009/10 marketing year [2] - Soybean meal sales were reported at 357,463 MT, within the analysts' estimates, while bean oil saw net reductions of 6,421 MT [2] Group 3 - NOPA data is expected to show August crush among members at 182.857 million bushels [3] - CONAB raised their 2024/25 soybean crop estimates by 1.92 MMT to 171.47 MMT [3] - Nearby Cash soybeans closed at $9.57 1/4, with November and January soybeans also showing gains [3]