12/07/2026 (Harian Basis) - Soybean futures experienced a notable upward trend during the Friday session, with contracts closing higher by fractionally to 16.75 cents, as quoted from Detik Finance.

The September contracts concluded the weekly trading block with an impressive 55.50-cent rally, while November contracts advanced by 43 cents.

Meanwhile, the cmdtyView national average cash bean price surged by 13.75 cents to settle at $11.45 1/4.

Soymeal futures also demonstrated strength, climbing between $2.80 and $3.80 across most contracts, following a September rally of $14.90 during the week.

Soy oil futures gained 11 to 54 points, capping off a weekly surge of 369 points for the September contract.

The United States Department of Agriculture reported a private export sale of 264,000 metric tons of soybeans for the 2026/27 marketing year to China.

Weather projections from the NOAA seven-day forecast indicate one to three inches of rainfall across Missouri and the southern parts of Illinois, Indiana, and Ohio.

Conversely, dry conditions are expected to persist across major cultivating regions in Nebraska, the Dakotas, Minnesota, and Iowa.

The latest WASDE report revealed a 10 million bushel reduction in the 2025/26 US soybean ending stocks, bringing the total down to 330 million bushels.

New crop inventories remained stable at 310 million bushels, balanced by a 30 million bushel export hike that offset a 40 million bushel production increase.

Globally, South American soybean output projections for the 2025/26 cycle remained unchanged by agricultural authorities.

New crop world carryout numbers dropped by 0.71 million metric tons to 124.17 million metric tons due to adjustments in Brazilian shipments.

Commitment of Traders data indicated that speculative traders added 37,479 contracts to their net long position, bringing the net long total to 68,679 contracts.

https://www.harianbasis.co/en/soybean-futures-prices-10-july-2026