Soybeans Surging Higher on Wednesday Morning

Soybeans Surging Higher on Wednesday Morning

Austin Schroeder

Wed, August 19, 2026 at 3:24 PM GMT+3 2 min read

Soybeans are showing double digit gains early on the midweek session. Futures fell from the intraday highs on Tuesday, with contracts closing fractionally to 6 cents higher, as September was down ¼ cent. Open interest was up 15,411 contracts, suggesting modest new buying. The cmdtyView national average Cash Bean price was up 1 cent at $11.76. Soymeal futures held firm into the close, with contracts up a dime to $3, as Soy Oil was back down 77 to 175 points.

USDA reported a private export sale of 136,000 MT of soybeans to China on Tuesday morning for 2026/27.

More News from Barchart

The ProFarmer Crop Tour continued on Tuesday, with Nebraska pod counts in a 3'x3' square averaging 1,219.62, 9.54% below last year and 0.6% the 3 year average. Indiana pod counts came in at 1,318.64 bpa, down 4.21% from a year ago and 3.4% decline from the three year average. Results for Illinois will be announced later this evening.

Weekly Crop Progress data from NASS condition ratings were down 1% at 61% gd/ex, with the Brugler500 index unchanged at 361. There was deterioration noted (via the Brugler500 index) in SD (-13), MN (-8), IN (-6), MO (-3), as well as KS, LA, MI, MS, NC, TN, and WI. There was some modest improvement in IA (+2), NE (+4), ND (+9), and OH (+3).

Brazilian soybean exports are estimated at 10.56 MMT according to ANEC, which is down 0.32 MMT from the previous week.

China's Sinograin sold 308,000 of the 360,000 MT offered in their auction if imported soybeans overnight.

Sep 26 Soybeans closed at $12.00 3/4, down 1/4 cent, currently up 11 1/4 cents

Nearby Cash was $11.76 1/2, up 1 cents,

Nov 26 Soybeans closed at $12.16 3/4, up 3/4 cent, currently up 11 3/4 cents

Jan 27 Soybeans closed at $12.31 1/2, up 1/2 cent, currently up 11 1/2 cents

New Crop Cash was $11.59, up 3/4 cent,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com