Soybeans are trading with gains of 7 to 8 cents on Wednesday after USDA’s first official crop estimate via Crop Production data. The cmdtyView national average Cash Bean price is up 7 1/4 cents at $11.34 1/2. Soymeal futures are $2.80 higher so far on Wednesday, with Soy Oil up 15 to 25 points.
Crop Production data from NASS this morning showed soybean yield for 2026 estimated at 52.7 bpa. Acreage was raised by 1.4 to 86.8 million acres on the planted side, with harvested acres tallied at 85.8 million acres. That took production to 4.519 bbu, which is 44 mbu larger compared to the WASDE projection from July.
Monthly WASDE data showed old crop ending stocks at 325 mbu, which was 5 mbu below last month on an increase to crush. Projected ending stocks for 2026/27 are seen at 320 mbu, up 10 mbu compared to the July number on the increased production. On the world side, ending stocks for 2026/27 were seen at 124.21 MMT, up just 0.04 MMT from the July total. Old crop production in Brazil was up 0.5 MMT to 180.5 MMT, with Argentina down 0.5 MMT to 49.5 MMT.
USDA reported a private export sale of 224,000 MT of soybeans to China this morning for 2026/27 shipment.
Chinese state stockpiler Sinograin sold 461,000 MT of the 516,000 MT offered in their auction of imported beans overnight at $596.39/MT.
Aug 26 Soybeans are at $11.68, up 20 1/2 cents,
Nearby Cash is at $11.34 1/2, up 7 1/4 cents,
Sep 26 Soybeans are at $11.59, up 7 1/2 cents,
Nov 26 Soybeans are at $11.76 3/4, up 8 cents,
New Crop Cash is at $11.18, up 7 3/4 cents,
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