USDA reported soybean export shipments at 920,194 MT (33.81 million bushels) for the week ending November 27. This was 56.4% below the same week in 2024 but 13.8% higher than the previous week. No shipments went to China. Italy was the top destination with 201,766 MT, followed by Egypt at 126,925 MT and Mexico at 83,620 MT. Since September 1, total 2025/26 marketing-year exports have reached 11.87 MMT (436.27 million bushels), 45.6% below the same period last year.

Export Sales data for the week ending 10/23 showed soybean sales at 1.45 MMT. No sales to China were reported, though the figure landed on the upper end of estimates (0.6–1.6 MMT). Sales were 30.8% higher than the previous week but still 37.1% below last year.

Soybean meal sales for the week came in at 640,021 MT—above trade expectations of 50,000–500,000 MT. Soybean oil sales totaled 29,820 MT, also above estimates of 5,000–25,000 MT.

AgRural estimates Brazil’s soybean crop 89% planted as of Thursday, slightly below last year’s 91%. StoneX lowered its production estimate to 177.2 MMT, down 1.7 MMT from its prior number.