US soybeans extended their rally on August 28, with November up 20 cents to 1,288 cents per bushel. The USDA reported a 182,000-tonne private sale of 2026/27 soybeans to China, plus 100,000-tonne soymeal sales to Germany and 100,000 tonnes to the Netherlands.
Total 2026/27 US soybean sales reached 14.334 million tonnes.
Chinese purchases and strong export sales are tightening US soybean supply, which supports soybean, meal and oil prices and raises feed ingredient costs.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.