Soybean Prices Close Week Up 10%: Growth Expectations Beyond U.S.

Soybean prices ended the week up 9.5 cents, reflecting continued demand growth beyond the U.S., but soybean meal and soybean oil prices declined. USDA data showed old crop soybean sales reached 41.324 MMT, exceeding the three-year average by 101%. COT data indicated traders reduced their net long positions, though the net long remained at 72,688 contracts. Safras & Mercado estimates Brazil's 2026/27 harvest at 180.1 MMT, up 1.8 MMT from last year. Rising crude oil prices support soybean oil prices. Markets expect continued demand growth beyond the U.S.