Soybean futures traded with mixed activity, as front-month contracts experienced declines across the board. September contracts closed at $12.80 1/4, down 35 3/4 cents, while November futures settled at $12.96 1/2, also down 35 3/4 cents. January contracts declined 35 1/4 cents to close at $13.12. The cmdtyView national average cash bean price fell 36 cents to $12.38 1/2. Long liquidation activity was recorded at 10,972 contracts, contributing to downward price pressure.
The U.S. Department of Agriculture’s monthly Crop Production report released new figures for soybean fundamentals. Yield estimates were raised to 52.8 bushels per acre, up 0.1 bpa from the previous month’s August projection and exceeding analyst estimates of 52.4 bpa. Total production climbed to 4.535 billion bushels, up 16 million bushels from earlier projections, as harvested acres increased by 100,000 to reach 85.881 million acres. Old crop U.S. stocks remained unchanged at 325 million bushels.
On the export front, weekly sales data showed net cancellations of 175,309 metric tons for old crop during the week ending September 3rd. New crop sales totaled 2.637 million metric tons, with 672,381 metric tons rolled over from unshipped 2025/26 sales. The USDA adjusted carryout projections downward by 10 million bushels to 310 million bushels for the 2026/27 season, while raising export estimates by 10 million bushels to account for increased demand.
Managed money speculative funds in soybean futures and options increased their net long position by 24,848 contracts, bringing their total to 266,031 contracts—marking a record net long level recorded on Tuesday. AgRural reported that Brazilian soybean planting for the 2026/27 crop had reached 0.4 percent completion as of Thursday.
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