Soybean oil futures international trade data reveals

International trade data reveals soybean oil exports from Brazil rose 9% month-over-month, bolstering futures prices in Chicago. Supply chain resilience is helping limit downside pressure on contracts. Soybeans saw late session buying, with contracts closing 10 to 12 cents higher. The cmdtyView national average Cash Bean price was 10 cents higher at $9.35. Soymeal futures were down $1 in the nearby October contracts, as other contracts were steady to 80 cents higher. Soy Oil futures were 73 to 93 points higher. Soybean oil was down as much as 2.5% Sept. 22, reaching the lowest since June 13. Meanwhile, soybeans were down as much as 1.9%, hitting the lowest in more than a month. Shares of Archer-Daniels-Midland Co., which makes biofuel, fell as much as 5.2%. Shares at competitor Bunge Global SA were down as much as 4%. ADM ranks No. 80 on the Transport Topics Top 100 list of the largest private carriers and No. 11 among agriculture and food processing carriers . Declines in the soy complex contributed to across-the-board losses in U.S. crop markets as traders continue to digest the Sept. 19 call between President Donald Trump and his Chinese counterpart, Xi Jinping . Prices for Chicago wheat — another commodity buyers in China sometimes favor — fell to the lowest in more than a month. Many had hoped the call would begin to ease trade tensions between the two nations, particularly on agriculture shipments. China has for months avoided purchasing U.S. soybeans while also curtailing purchases of other crops in the new season. “Friday’s phone call between Trump and Xi provided very minimal updates,” Matt Campbell, a StoneX risk management consultant, said in a note. “The market realizes a trade deal is not imminent, and the soybean market needs an imminent deal in short order.” Want more news? Listen to today's daily briefing below or go here for more info: Chicago Board of Trade soybean oil futures recorded a three-day winning streak, supported by USDA’s upward revision in export estimates. Market sentiment leans bullish heading into the August WASDE report.