Soybean prices experienced gains on Tuesday, with front-month futures increasing by 10 to 11 cents following a rise in soymeal prices, which climbed $8.10 to $7.50. The cmdtyView national average cash bean price is currently $12.56 1/4, up 10 3/4 cents.
As of Sunday, the USDA’s Crop Progress report indicated that 44% of the U.S. soybean crop is dropping leaves, with the harvest at 6% complete, ahead of the 3% average pace. Soybean condition ratings remained steady at 58% good/excellent. Meanwhile, adverse weather conditions may delay harvest in eastern Nebraska, South Dakota, Minnesota, Iowa, northern Missouri, and parts of the Eastern Corn Belt, where rain is forecasted to accumulate between 1 to 3 inches.
NOPA reported that 205.46 million bushels of soybeans were crushed in August, falling short of the estimated 211.55 million bushels but representing an 8.24% increase from the previous year. Soybean oil stocks were reported at 1.201 billion pounds, down 3.5% from last year. In Brazil, the soybean crop is projected at 180.4 million metric tons, slightly down from last month, with the USDA’s 2026/27 estimate at 186 million metric tons.
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