Soybean markets are experiencing notable losses this Friday, with prices declining by 10 to 12 cents as of midday trading. The cmdtyView national average cash bean price has dropped by 11.5 cents, now standing at $10.37 ¼ per bushel. This trend is mirrored in the soymeal futures market, which has seen prices fall between $1.50 and $2.80, while soy oil futures have remained steady, with slight increases of up to 6 points.
In related activity, the USDA reported a significant private export sale of 462,000 metric tons (MT) of soybeans to China, bringing the total known sales to the country for the marketing year to an impressive 2.845 million MT. The backlog of USDA Export Sales reports is anticipated to provide more comprehensive data, including figures for the week ending November 6, expected to be released on Monday. Early estimates suggest soybean bookings for that week could range between 0.45 and 1.6 million MT. Specific known figures through the daily reporting system include 132,000 MT sold to China and 117,000 MT to unspecified destinations.
The soybean meal sales are projected to range from 50,000 to 400,000 MT, while bean oil sales are estimated between 5,000 and 25,000 MT. Traders are also awaiting updates from the World Agricultural Supply and Demand Estimates (WASDE) report due Tuesday, with expectations placing US soybean ending stocks at approximately 306 million bushels—an increase of 16 million bushels compared to the previous month if accurate.
Further data from Brazil indicates that the country exported 4.2 million MT of soybeans in November, which represents a 37.62% decline from the previous month but is notably 64.4% above figures from the same month last year.
Current trading prices reflect this volatility: January 2026 soybeans are priced at $11.07 ¾, down 11 ¾ cents; nearby cash soybeans are at $10.37 ¼, down 11 ½ cents; March 2026 soybeans are at $11.17 ½, down 11 ¼ cents; and May 2026 soybeans are at $11.26 ¾, reflecting a decrease of 10 ½ cents.
