Soybean Futures Trim Losses at Midday Despite Softer Weekly Sales
Soybean futures were down 1 to 3 cents at midday on Friday, attempting to recover from earlier losses that neared double digits. November 2026 soybean contracts traded down 1 3/4 cents at $12.61 1/4, while national average cash soybean prices dipped 1 1/4 cents to $12.03 1/2. Downward pressure spread to soybean meal futures, which fell between $3.20 and $3.40, while soybean oil futures edged higher by 19 to 20 points.
New private export sales helped cushion the decline. Announcements confirmed 558,000 metric tons of soybean sales to China, lifting total weekly sales to China to 1.358 million metric tons. Another 236,000 metric tons were booked to unknown destinations, bringing weekly sales to unknown buyers to 519,450 metric tons. However, broader weekly export figures remained subdued, with 2026/27 sales of 574,878 metric tons coming in near the bottom of trade estimates and down 26.77 percent from the same week last year.
Market participants are watching whether steady Chinese buying can provide sustained support against broader trade headwinds. Traders will also keep an eye on upcoming weekly export sales reports and product market movements, particularly as soybean meal and oil diverge in direction.
Key points
- Soybean futures traded 1 to 3 cents lower at midday Friday after pulling back from early double-digit losses.
- Private export sales confirmed 558,000 metric tons of soybeans to China, raising weekly sales to China to 1.358 million metric tons.
- Weekly soybean export sales for 2026/27 totaled 574,878 metric tons, falling toward the lower end of expectations.
- Soybean meal futures declined $3.20 to $3.40, while soybean oil futures rose 19 to 20 points.
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How we writeDisclaimerQuestions and answers
Why are soybean futures falling today?
Soybean futures are down due to weaker weekly export sales that came in at the lower end of market expectations, down 26.77 percent compared to the same week last year.
How much soybeans did China purchase this week?
China purchased 1.358 million metric tons of soybeans in total weekly private sales, including a single-day booking of 558,000 metric tons announced on Friday morning.
What are current soybean prices at midday?
November 2026 soybean futures traded down 1 3/4 cents at $12.61 1/4, while the national average cash soybean price stood at $12.03 1/2.