Soybeans were in rally mode on Thursday, with contracts 13 to 22 cents higher across most contracts. The cmdtyView national average Cash Bean price was up 22 1/2 cents at $12.74 ½. Soymeal futures saw gains of $2.30 to $5.50, as Soy Oil rallied 102 to 135 points. 

USDA reported private export sale announcements of 272,000 MT of soybeans to China for 2026/27 and 206,500 MT of 2026/27 beans to unknown destinations this morning. Weekly Export Sales data will be out on Friday morning, with analysts surveyed by Reuters looking for no sales to net cancellations of 500,000 MT for 2025/26 soybeans. New crop sales are seen in a range of 1 to 2.6 MMT in the week of September 3. Soybean meal sales are expected to be in a range of 150,000 to 950,000 MT, with 0 to 12,000 MT 

The USDA will update their data on Friday, with traders surveyed by Bloomberg looking for yield to be trimmed by 0.3 bpa to 52.4 bpa on average. Production is estimated to be down 27 mbu to 4.492 bbu. Old crop stocks are seen dropping 5 mbu to 320 mbu, as new crop US carryout is expected to be down 29 mbu to 291 mbu.

Sep 26 Soybeans  closed at $13.18 1/4, up 23 cents,

Nearby Cash  was $12.74 1/2, up 22 1/2 cents,

Nov 26 Soybeans  closed at $13.32 1/4, up 22 3/4 cents,

Jan 27 Soybeans  closed at $13.47 1/4, up 22 cents,