Markets / Soybeans
Soybeans
Nov Beans futures · $ per bushel
Soybeans is up 24.7% since January 1. By this point in a typical year (2021–2025) it was down 8.4%. From here to year-end, the price rose in 4 of the last 5 years, up 4.4% on average. Front-month futures. Past patterns don't predict prices; weather, demand and policy change every year.
As of Tuesday, Oct 6, hedge funds and commodity advisors are net long 258,066 contracts (more bullish than the week before, +11,508). That's the most bullish they've been in 3 years. When funds are this one-sided, a surprise can trigger fast moves the other way as they get out. CFTC Commitments of Traders, Disaggregated Futures Only. Published Fridays with Tuesday's positions.
Every contract month
Soybeans futures trade Jan, Mar, May, Jul, Aug, Sep, Nov only; there are no other months.
Deferred months are priced below Nov Beans (an inverse): the market wants it now.
| Month | Last | Change | vs. Nov |
|---|---|---|---|
| Nov Beans | 12.88 | -3.75¢ | — |
| Jan Beans | 13.05 | -3.75¢ | +16.75¢ |
| Mar Beans | 13.15 | -3.25¢ | +27.25¢ |
| May Beans | 13.24 | -2.5¢ | +36.25¢ |
| Jul Beans | 13.30 | -2.5¢ | +41.75¢ |
| Aug Beans | 13.12 | -3¢ | +23.5¢ |
| Sep Beans | 12.72 | -3.25¢ | -16.25¢ |
| Nov 27 Beans | 12.62 | -1¢ | -26¢ |
| Jan 28 Beans | 12.73 | -1.25¢ | -15.25¢ |
| Mar 28 Beans | 12.71 | unch | -17.5¢ |
| May 28 Beans | 12.71 | +3.75¢ | -17¢ |
| Jul 28 Beans | 12.76 | +4.5¢ | -12.25¢ |
Text me when Nov Beans hits my number
Pick the month and the price. We text you the second it trades there, plus beans at 10:00 and 2:00.
Set up Nov Beans alertsCrop progress
Soybeans: 25% harvested (+8 pts in a week, 8 pts behind the 5-year average (33%)). 57% rated good to excellent, down 1 from last week.
Export shipments
Shipped 41.8 million bushels (1.14 million metric tons) in the week ending Oct 1, down 2% from the week before. Marketing year to date: 146 million bushels, 31% ahead of last year's pace. That's 9% of USDA's 1,695 million bushel export forecast; hitting it takes about 32.3 million bushels a week from here (this week: 41.8).
USDA WASDE
Ending stocks rose 5 million to 315 million bushels: a bigger cushion, which usually weighs on prices. USDA raised the 2026/27 yield to 53.1 bu/acre (from 52.8), putting production at 4.562 billion bushels.
Why it moved
BC-Soybean Futures. It went against corn (+0.78%) and wheat (+0.26%), which were higher.
Reports coming up
- Tue Oct 13USDA export inspections10:00am CT
- Tue Oct 13USDA Crop Progress3:00pm CT
- Thu Oct 15USDA weekly Export Sales7:30am CT
- Mon Oct 19USDA export inspections10:00am CT
- Mon Oct 19USDA Crop Progress3:00pm CT
- Thu Oct 22USDA weekly Export Sales7:30am CT
- Mon Oct 26USDA export inspections10:00am CT
- Mon Oct 26USDA Crop Progress3:00pm CT
- Thu Oct 29USDA weekly Export Sales7:30am CT
About this market
CBOT soybean futures, 5,000 bushels. Nov is new crop; Jan through Jul are the storage months.