⛏Soybean Futures
SOYBEAN
▲ PositiveDemandrelevance
Private export sale of 238,000 metric tons of soybeans to China supports prices.
Impact on assets 1
Others
Soybeans push higher on private export sale to China
2▲1 ▼0Impact / 5
Soybean futures are trading 3 to 7 cents higher Monday morning, supported by a private export sale of 238,000 metric tons of soybeans to China for the 2026/27 marketing year reported on Friday. The cmdtyView national average cash bean price was up a penny at $11.33 ¾. Commitment of Traders data showed speculators cut their net long position in soybean futures and options by 29,535 contracts to 125,466 contracts in the week ending August 4. A Reuters survey of traders expects the USDA to peg the US soybean yield at 52.9 bushels per acre, with harvested acres seen 163,000 higher than the June report at 84.564 million acres and production at 4.472 billion bushels.
Private export sale of 238,000 metric tons of soybeans to China supports prices.