Grains: Soybeans rise with crude oil price jump, strong soybean crush

Novorossiysk Commercial Sea Port PAO

17/08/2026 20:33

Updates for market close, recasts to focus on soybean futures
By Heather Schlitz
CHICAGO, Aug 17 (Reuters) - Chicago Board of Trade soybean futures rallied on Monday as stronger soybean crush pace and higher crude oil prices supported the market, analysts said.
Wheat prices fell as investors took profits after last week's gains, but prolonged disruption to Russian and Ukrainian exports through the Black Sea supported the wheat market.
Corn and soybean futures also rose on support from caution over U.S. yield prospects before a widely followed Midwest crop tour this week.
Most-active Chicago Board of Trade soybean futures Sv1 rose 23-1/2 cents to $12.16 a bushel, while CBOT corn Cv1 rose 6-1/4 cents to $4.89-1/2 a bushel.
National Oilseed Processors Association data showed NOPA members processed 216.647 million bushels of soybeans last month, up 1.1% from the 214.340 million bushels crushed in June and up 10.7% from the July 2025 crush of 195.699 million bushels. The total reflected a daily crush rate of 6.989 million bushels a day, down from 7.145 million bushels a day a month earlier, according to NOPA data.

        Traders are awaiting the outcome of the Pro Farmer field tour this week for further clues on corn and soybean yields after the USDA lowered its official yield forecasts last week.
Heavy rain in part of the Midwest last week has also raised uncertainty over whether some crops are facing excess moisture.
The market will also receive a pointer to field conditions from weekly USDA crop ratings after Monday's close.
Chinese demand continued to support soybeans. Traders told Reuters last week that China had already purchased about 7 million metric tons of U.S. soybeans.
The most active wheat contract Wv1 on the Chicago Board of fell 1/4 cent to $6.89-1/4 per bushel. 

        Weeks of attacks on shipping by Russia and Ukraine have curtailed shipments, including at Russia's main grain export hub of Novorossiysk.
The disruption has shifted the market's attention from ample global supplies — underscored by the U.S. Department of Agriculture in a world crop report last week — toward a possible shortfall in export availability.
Traders said loadings at Russia's Black Sea ports remained reduced while Ukraine was relying on shipments via western neighbours such as Romania.
A Russian attack targeted port infrastructure in Ukraine's Izmail district on the Danube River, Ukrainian authorities said on Monday.

 (Reporting by Heather Schlitz in Chicago; Additional reporting by Gus Trompiz in Paris and Ella Cao and Lewis Jackson in Beijing; Editing by Subhranshu Sahu, David Goodman and David Gregorio)
 ((Heather.Schlitz@tr.com))