Grains-CBOT wheat rises on fears for Black Sea exports, drought in key growing regions

Soybeans saw a choppy day of trading early in the session, though by mid-morning futures were bolstered by fresh export news. The U.S. Department of Agriculture on Monday confirmed private sales of 488,000 metric tons of U.S. soybeans for shipment to China, and an additional 136,150 tons of soybeans to unknown destinations — with both for delivery in the 2026/27 marketing year.

Reuters reported on Friday that Chinese government buyers purchased at least eight cargoes of U.S. soybeans for shipment from U.S. Gulf Coast terminals and six cargoes for shipment from Pacific Northwest ports in October and November, two U.S. traders with knowledge of the deals said.

The sales volume of at least 840,000 metric tons was among China's largest single-day purchases this month after the world's top soybean importer restarted purchases from the U.S. in late June, traders told Reuters.