CBOT soybeans settle up on strong demand

The U.S. Department of Agriculture reported exporters sold 126,000 metric tons of soybeans to unknown destinations for 2026/2027 delivery.

The USDA reported net U.S. soybean export sales totaling 56,351 metric tons last week for shipment in the 2025/26 season, in line with trade estimates for up to 200,000 tons. Net new-crop sales of 1,537,227 tons were in line with expectations of 1,000,000 to 1,800,000 tons.

Oil prices topped $100 on Thursday, their highest levels in nearly two months, after Yemen's Houthis said they attacked two Saudi oil tankers in the Red Sea, causing further global supply disruptions following a near-halt in trade through the Strait of Hormuz. Crude oil futures prices were more than 4% lower on Friday after sources said that China had initiated a push to resume stalled peace talks between the United States and Iran, but remained on track for hefty weekly gains.

Chicago Board of Trade soybean futures rose on Friday, with a rally in oil prices earlier in the week and strong ongoing demand from China.

• Most-active CBOT November soybeans SX26 settled up 9-3/4 cents at $12.53-1/2 per bushel.
• CBOT August soyoil BOQ6 ended down 1.26 cents to 74.33 cents per pound.