Soybeans are relatively steady on Friday AM Trade after the Thursday collapse, with contracts fractionally mixed. Futures fell 20 to 27 cents across most contracts on Thursday, as product values added some pressure. Long liquidation was noted with preliminary open interest was down 12,475 contracts. The cmdtyView national average Cash Bean price was down 24 1/2 cents at $10.70. Soymeal futures were $3.20 to $7.10 in the red, with Soy Oil futures 123 to 242 points lower. Crude oil losses of $3.11 added some pressure.
Export Sales data from Thursday morning pegged old crop business at 276,852 MT, a 3-week low but still 42.45% above the same week last year. China was the largest buyer of 74,800 MT, with 67,400 MT sold to Mexico and 53,700 MT to Indonesia. Sales for 2026/27 were tallied at 243,000 MT. Unknown destinations was the largest buyer of 132,000 MT, with 68,000 MT sold to Costa Rica.
