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Soybean futures are experiencing fractional gains on Friday, with contracts slightly higher following a Thursday close that saw gains of 7 to 10 cents across most contracts. Preliminary open interest rose by 10,261 contracts, indicating new buying interest, while the cmdtyView national average cash bean price increased by 9.5 cents to $9.57 1/4. Additionally, soymeal futures rose by $1 to $2.60, and soybean oil futures gained between 49 and 61 points.
The USDA’s monthly Crop Production report released today forecasts a 0.3 bushel per acre drop in soybean yield expectations to an average of 53.3 bpa, with production estimated at 4.271 billion bushels—a reduction of 21 million bushels. Ending stocks for the 2024/25 marketing year are anticipated to be 328 million bushels, down only 2 million from August projections.
In export sales, the USDA reported 541,055 metric tons of 2025/26 sales for the week of September 4, with 431,700 metric tons going to unknown destinations. The new marketing year starts with total commitments at 9.35 million metric tons, the lowest since the 2009/10 marketing year.
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