Soybeans are showing extended weakness on Friday morning, with losses of 4 to 6 cents. Futures fell further into the close on Thursday, down 10 to 14 ¼ cents as futures faded Chinese purchases and sell a bearish NOPA report. Open interest was up 3,241 contracts on Thursday, with November down 6,366 contracts. The cmdtyView national average Cash Bean price was down 14 1/2 cents at $12.04. Soymeal futures were down $1.20 to $4.70, with Soy Oil futures up 9 points to 21 points lower.
USDA confirmed private export sales of 330,000 MT of soybeans to China on Thursday, all for 2026/27, with 283,450 MT sold to unknown destinations during the reporting period. That took the total announced for the week to just over 1 MMT.
