Soybeans closed with gains of 7 to 10 cents, 10 deliveries issued against September soybeans. Cash Bean price up 9 1/2 cents at $9.57 1/4. Soymeal futures up $1 to $2.60, Soy Oil futures 49 to 61 points higher. 96 September soybean meal deliveries issued, none for bean oil.

Weekly USDA Export Sales report showed 541,055 MT of 2025/26 sales, biggest buyer unknown destinations with 431,700 MT. 767,049 MT unshipped 2024/25 sales carried over. Total commitments for 2025/26 MY start at 9.35 MMT. 67,849 MT of 2024/25 sales late to China.

Soybean meal sales were 357,463 MT, bean oil net reductions of 6,421 MT. NOPA data expected for August crush among members at 182.857 mbu. CONAB raised 2024/25 soybean crop estimates by 1.92 MMT to 171.47 MMT.

Soybeans closed at $10.15 1/4, Nearby Cash at $9.57 1/4, Nov 25 Soybeans at $10.33 1/2, Jan 26 Soybeans at $10.52 1/2. Austin Schroeder did not have positions in securities mentioned. Information for informational purposes only.

Read more at Yahoo Finance: Soybeans Push Higher into Thursday’s Close