Soybeans are up 4 to 7 ½ cents so far on Thursday morning. Futures were supported by strength in soybean meal on Wednesday, with contracts up 8 to 10 cents. Open interest was down 26,072 contracts in March, with May up 12,641 contracts. The cmdtyView national average Cash Bean price was up 10 cents at $10.85 1/2. Soymeal futures are $4.40 to $7.60 in the front months, with. Soy Oil futures up 7 to 23 points in the nearbys. The forecast for Argentina is looking a little drier as they look to finish out their growing season, likely adding to some meal strength at midday.
The EPA sent its 2026 biofuel mandates to the White House OMB late on Wednesday for review.
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With just 2 days left for price discovery for the spring base price for Crop Insurance, November soybeans have averaged $11.07 this month. That would be up 53 cents from 2025.
USDA’s Export Sales report showing business for the week of February 19 will be out on Thursday, with traders looking for between 0.4 to 1 MMT of soybeans sales. Soybean meal sales are pegged at 250,000 to 500,000 MT, with net reductions of 10,000 to sales of 16,000 MT for soybean oil.
Mar 26 Soybeans closed at $11.48 1/4, up 8 3/4 cents, currently up 7 ½ cents
Nearby Cash was $10.85 1/2, up 10 cents,
May 26 Soybeans closed at $11.65, up 9 3/4 cents, currently up 7 ½ cents
Jul 26 Soybeans closed at $11.77 1/2, up 9 1/4 cents, currently up 7 cents
On the date of publication,
Austin Schroeder
did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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