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Mysteel soybean and relatives market daily: The main U.S. soybean futures contract ended higher

Source: Mysteel Aug 17, 2026 11:57
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Soybean Soybean Meal Demand Price Supply
On Friday night trading, CBOT soybean futures closed higher, with the November front-month contract settling at 1191.25 cents per bushel, up approximately 1.4% for the week, supported by a sharp rally in wheat futures and firm crude oil prices. The market continues to digest the August USDA WASDE report data, which raised planted area by 1.4 million acres to 86.8 million acres while lowering the yield forecast by 0.3 bushels to 52.7 bushels per acre. Market attention is now shifting to the upcoming NOPA report, with traders expecting July U.S. soybean crush to reach 222 million bushels, up 3.3% from June. Export demand remains positive, as USDA data on Friday showed private exporters selling 136,000 tonnes of soybeans to China, with Chinese buyers making consecutive purchases of new-crop soybeans. In the short term, U.S. soybeans are expected to maintain a range-bound pattern, caught between abundant production expectations, weather narratives, and Chinese demand.

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