Soybeans Bounce Back: China Deal and Record Crush Lift Prices Above Eleven Seventy
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This is your Soybeans podcast.
Hey friend, welcome back to the Daily Soybeans Price Tracker. I am Vanessa Clark, and today we are talking about what is happening right now in the soybean market and what it means for you.
Let us start with prices. According to the latest futures quotes from the Chicago Board of Trade, November twenty twenty six soybean futures are trading around eleven dollars and seventy cents per bushel, with nearby contracts like July and August just a bit higher in the eleven seventy to eleven eighty range. The national average cash soybean price, reported by the United States Department of Agriculture and cmdtyView, is sitting in the low eleven dollar range, recently around eleven dollars and fifty cents per bushel after a strong bounce.
So what is driving this move Higher For one, soybeans are recovering from last week’s pullback. Barchart reports that futures were down seven to fifteen cents on Friday, with July losing about thirty one cents on the week. But to start this week, soybeans have rebounded roughly thirty to almost forty cents, taking back much of those late week losses.
A big storyline supporting soybean prices right now is trade with China. A recent White House fact sheet says China has agreed to purchase at least seventeen billion dollars per year of United States agricultural products from twenty twenty six through twenty twenty eight, on top of an existing commitment to buy about twenty five million metric tons of United States soybeans annually. Markets are optimistic, but traders also remember that past trade deals have not always been fully met, so there is some healthy skepticism priced in.
On the demand side, the National Oilseed Processors Association reports that April soybean crush hit a record for that month, up more than eleven percent from a year earlier. Strong crush margins, driven in part by firm soybean oil prices linked to higher energy costs, are keeping processors eager for beans, which helps support local cash bids.
Here are your quick takeaways. First, futures are back in the upper eleven dollar range, with cash prices also stronger, so if you are a farmer, this bounce may offer a chance to scale in some sales rather than waiting for the absolute top. Second, keep an eye on headlines about China’s purchases. Any confirmation of large new buying could give soybeans another leg higher. Third, domestic crush demand remains a solid floor under this market.
That is it for today’s Daily Soybeans Price Tracker with me, Vanessa Clark. Thanks for listening, be sure to subscribe, and tune in next time so you never miss the latest soybean price action and market news.
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