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Barchart
Austin Schroeder

Soybeans Turn Higher into Thursday’s Close, Spurred by Chinese Rumors

CmdtyView

Soybeans firmed late on Thursday, with contracts closing near the highs and 6 to 9 cents off the lows to post 1 to 5 ¾ cent gains in the front months. The cmdtyView national average Cash Bean price was up 3 cents at $11.32. Soymeal futures were 20 cents to $1.40 higher to close Thursday, with Soy Oil 5 points lower to 27 points higher.

A private export sale of 122,000 MT of soybeans was reported to China this morning for 2026/27. Wire reports suggested Chinese buyers purchased 10 cargoes of US soybeans on Thursday.

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