Soybeans are facing pressure following lack of news on the US/China talks on Thursday, with contracts down 15 to 17 cents. Futures were down fractionally to 4 cents across most contracts on Thursday, as news on the US/China front was quiet. Open interest was up 4,706 contracts. The cmdtyView national average Cash Bean price was up 1/4 cents at $12.59. Soymeal futures were 30 cents to $5.80 led by October, with Soy Oil down 8 to 32 points. A slower start to harvest for some has tightened some supplies for crushers and meal availability.

Traders were monitoring the US/China meeting, though nothing was released surrounding trade related news. Secretary Bessent has stated this week that the two countries are extending the trade truce for 2 months. No news is not always good news.

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USDA reported a private export sale of 120,000 MT of soybeans to China on Thursday morning for 2026/27.

Export Sales data from USDA was out on Thursday, coming in well below analysts’ estimates of 1.5 to 2 MMT for the week of September 17 at just 582,432 MT. That was a 12-week low for total sales and 19.6% below the same week last year. China was the buyer of 311,800 MT, with 66,000 MT sold to Japan and 59,700 MT to the Netherlands.

Bean meal sales totaled 60,667 MT for the current marketing year, with 2026/27 sakes at 245,984 MT, vs the estimated total range of 250,000 to 375,000 MT. Bean oil sales were at 1,631 MT for 2025/26 and 86 MT for 2026/27, compared to estimates of net reductions of 2,000 MT and net sales of 6,500 MT.

Nov 26 Soybeans closed at $13.17 1/2, down 1/2 cent, currently down 16 3/4 cents

Jan 27 Soybeans closed at $13.32, down 1 3/4 cents, currently down 17 cents

Mar 27 Soybeans closed at $13.39 3/4, down 2 3/4 cents, currently down 16 1/2 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.