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Soybean futures and cash prices were lower at midday, alongside declines in soybean meal and soybean oil. USDA reported a private sale of 136,000 metric tons of soybeans to China for the 2026/27 marketing year; accumulated export commitments for that year reached 30.234 million tons, 76% above the same point last year and ahead of the average pace.
Traders were also anticipating USDA crop and supply updates, with analysts expecting higher U.S. yields, production, and ending stocks.
The China sale and strong export-commitment pace support demand, but expectations for larger U.S. production and ending stocks weigh on the supply outlook. Prices were lower despite the export news, reflecting the market's focus on prospective supply.
barchart.comAustin SchroederNov 6, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
