Soybeans See Strength on the Midweek Session

Austin Schroeder Barchart Wed Oct 8, 5:02PM CDT
Tofu made from Soybeans via Shutterstock

The soybean market saw gains of 4 to 7 ½ cents on Wednesday, led by the front months. The cmdtyView national average Cash Bean price was 8 1/4 cents higher at $9.53 1/2. Soymeal futures were 30 cents to $1.90 higher in the front months .with back months steady to 60 cents lower. There were another 99 deliveries against October meal overnight. Soy Oil were up 44 to 70 points on the day. The CBOT reported 25 deliveries for October bean oil overnight. November soybeans have averaged $10.21 so far through the 6 trade sessions in October, with the full month’s average used in the harvest price discovery for crop insurance. 

Despite the weekly Export Sales report being suspended with the government offline, traders are still expecting 0.6-1.6 MMT of 2025/26 soybean sales in the week of 10/2. Meal bookings were seen at 150,000-350,000, with 0-25,000 MT for oil. 

Brazilian soybean exports are estimated at 7.12 MMT during October, which is well above the 4.44 MMT in the same period last year.  

Nov 25 Soybeans  closed at $10.29 1/2, up 7 1/2 cents,

Nearby Cash  was $9.53 1/2, up 8 1/4 cents,

Jan 26 Soybeans  closed at $10.44 1/4, up 5 1/4 cents,

Mar 26 Soybeans  closed at $10.57 1/4, up 4 1/4 cents,


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. For more information please view the Barchart Disclosure Policy here.