Conventional Commodity Market Intelligence

Global soybean benchmarks eased from peaks above $430 per metric ton into a recent $414.54-$426.60 range (FRED PSOYBUSDM span $368.57-$439.15), reflecting ample Southern Hemisphere supply and steady crush demand. U.S. conventional cash structure remains anchored to US #1 soybeans at export elevators, country elevators, and processors, with merchant forward bids posted into October-November 2026 and December 2026-January 2027. Interior basis versus the softer international tone will continue to set local soybean values, as granular elevator averages were largely unreported in the latest USDA da