Soybeans are trading with 3 to 5 ½ cent higher trade so far on Thursday morning. Futures fell back by 9 to 10 cents in the front months on Wednesday. Open interest was up 7,026 contracts on Wednesday, mainly in the March. The cmdtyView national average Cash Bean price was 8 3/4 cents lower at $10.45. Soymeal futures were down 20 cents to $1.70, with Soy Oil futures 89 to 101 points lower. There were no new deliveries issued against December soybean meal overnight, with 95 for December bean oil. Early on W ...

By Karl Plume CHICAGO (Reuters) -The largest U.S. soybean sales to China in more than two years this week could be just the beginning of an accelerated buying program by Beijing after the world's top importer shunned U.S. supplies for months due to a trade war with Washington. Even if purchases fall short of the 12 million metric tons that U.S. Treasury Secretary Scott Bessent announced, the uptick ​in sales has buoyed crop prices. That triggered a flurry of sales by farmers who were holding their crop ...

Group 1 - The soybean market experienced gains of 12 to 14 cents, with the national average Cash Bean price rising to $9.58 ¼, supported by product values and positive trade discussions [1] - Soymeal futures increased by $4 to $4.80, while Soy Oil rose by 18 to 34 points, indicating strong product support for soybeans [1] - President Trump expressed confidence in reaching a soybean deal with China, aiming for purchases at levels seen prior to trade tensions [1] Group 2 - USDA reported soybean export shipments at 1.474 million metric tons (54.17 million bushels) for the week ending October 16, which is 42.9% lower than the same week last year but 44.9% higher than the previous week [2] - Mexico was the leading destination for soybean exports, receiving 221,269 metric tons, followed by Pakistan with 167,380 metric tons and Bangladesh with 166,271 metric tons [2] - Cumulative exports for the marketing year 2025/26 reached 5.537 million metric tons (203.48 million bushels) since September 1, marking a 30.9% decrease compared to the same period last year [2] Group 3 - Brazil's soybean planting was reported at 24% complete, ahead of the 18% pace from the same week last year [3] - November 25 Soybeans closed at $10.31 ¾, up 12 1/4 cents, while January 26 and March 26 Soybeans also saw increases of 13 1/4 cents [3]

Market Overview - Soybean prices are down 1 to 2 ½ cents in Wednesday AM trade, following a steady close on Tuesday with contracts ending 1 ¼ cents higher from early lows [1] - The national average Cash Bean price decreased by 1 ¼ cents to $9.32 ½ [1] Export Data - Export Inspections data reported 994,008 MT (36.52 million bushels) of soybeans shipped for the week ending October 9, marking a 26.9% increase from the previous week but a 49.9% decrease from the same week last year [3] - Mexico was the leading destination for soybean exports at 195,947 MT, followed by Spain at 182,090 MT and Bangladesh at 117,598 MT [3] - Year-to-date shipments total 4.04 MMT (148.45 million bushels), reflecting a 26% year-over-year decline [3] Production and Crush Data - NOPA crush data is anticipated to show a September total of 186.34 million bushels [4] - Brazil's soybean production for the 2025/26 season is projected at 177.64 MMT, slightly down from 177.67 MMT reported last month [4] - Brazil's October soybean exports are estimated at 7.31 MMT, a 0.19 MMT increase from the previous week [4] Price Movements - November 25 Soybeans are priced at $10.06 ½, down 1 ¼ cents, while January 26 Soybeans are at $10.24 ¼, down 1 cent [5] - March 26 Soybeans are priced at $10.39 ½, down ½ cent [5] Political Context - President Trump indicated he is considering terminating business with China related to cooking oil and other trade elements as a response to China's lack of soybean purchases from the US [2]