CBOT soybeans firm on Chinese demand, higher oil prices
SOYB•Soybeans rise on China demand and higher crude
Chicago Board of Trade soybean futures rose on Friday as higher crude oil futures and fresh signs of demand from China supported prices.
- Under its daily reporting rules, the Department of Agriculture confirmed private sales of 136,000 metric tons of U.S. soybeans to China for delivery in the 2026/27 marketing year that begins September 1, 2026.
- China's Sinograin said it would auction 360,000 metric tons of imported soybeans on August 19. The state stockpiler's fourth sale since late July supports ideas that it is clearing space for incoming U.S. soybeans, industry experts say.
- Agricultural markets are adjusting to a new supply-and-demand outlook after the U.S. Department of Agriculture raised this week its 2026 U.S. corn and soybean acreage estimates while lowering its yield forecasts in its monthly report.
- Traders are also turning their attention to a major field tour next week that will give another indication of yield prospects for U.S. corn and soybeans, with forecasts for rain this week tempering some concerns.
- New-crop November soybeans SX26 ended 10-1/4 cents higher at $11.92-1/2 per bushel.
- CBOT September soymeal SMU26 ended $2.80 higher at $310.20 per short ton, while September soyoil BOU26 settled 0.65 cent higher at 69.44 cents per pound.
