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Soybeans rise as China export sales support grain rally

USDA reported a private sale of 333,000 MT of soybeans to China for 2026/27, while soymeal futures were higher midday.

Friday, August 28, 2026 · Written up by our desk · Agriculture

Soybeans traded higher midday, gaining about 20 to 21 cents, as grain prices extended a rally. The Cash Bean national average was up 21 cents to $12.22 1/2, according to the report.

Soymeal futures were up roughly $6.90 to $7.90 on the day so far, while soy oil was down about 34 to 37 points.

USDA also cited a private export sale for 2026/27, showing 333,000 MT of soybeans sold to China this morning. The article added that Sinograin bought 222,782 MT out of 290,000 MT offered on a Wednesday auction.

Latest closeSoybeans $1,286.50 ▼0.8%

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