Soybeans closed Thursday with gains of 7 to 10 cents across most contracts. There were 10 deliveries issued against September soybeans overnight. The cmdtyView national average Cash Bean price is up 9 1/2 cents at $9.57 1/4. Soymeal futures were up $1 to $2.60, with Soy Oil futures 49 to 61 points higher. The CME reported another 96 September soybean meal deliveries issued, with none reported for bean oil.
The weekly Export Sales release from USDA showed 541,055 MT of 2025/26 sales in the week of 9/4. Unknown destinations were the largest buyer of 431,700 MT, with 62,000 MT sold to Taiwan. A total 767,049 MT of unshipped 2024/25 sales were carried over to the new marketing year. Total commitments start out the 2025/26 MY at 9.35 MMT, the lowest going back to the 09/10 MY. There were 67,849 MT of 2024/25 sales reported late to China
