Soybeans bounced off the intraday lows on Thursday, with contracts closing 7 to 9 cents lower in the nearbys and down 1 3/4 to 6 ½ cents in deferreds. The cmdtyView national average Cash Bean price was down 10 1/2 cents at $12.29. Soymeal futures were down $1.50 to $5.00 at the close, with Soy Oil 70 to 90 points lower.
Export Sales data from USDA was released this morning, with a total of 1.034 MMT of 2026/27 beans sold in the week of 9/24. That was back up from last week by 77.45% and nearly 27.25% larger than the same week last year. China was the top buyer of 589,400 MT, with 111,500 MT sold to Egypt.
