Soybeans See Gains Amid Mixed Futures and Legal Developments

Soybeans surged slightly late in the session, with nearby futures rising 3 to 4 cents. New crop contracts showed mixed performance, while the cmdtyView Cash Bean price increased by 3 1/4 cents, reaching $10.05. Soymeal futures climbed $1 to $2.70 per ton, whereas Soy Oil futures fell by 22 to 54 points.

After a federal trade court ruled that President Trump’s liberation day tariffs were illegal, an appeals court temporarily stayed this ruling.

The Export Sales data release has been delayed to Friday morning due to the Monday holiday. Analysts anticipate exports of old crop beans to range between 150,000 to 500,000 MT and new crop beans from 0 to 250,000 MT. Expectations for bean meal stand at 150,000 to 450,000 MT, while bean oil is anticipated to range from 5,000 to 32,000 MT.

The weather forecast predicts a drier trend through Sunday, followed by some rain early next week across the Northern Plains, moving eastward by the middle of the week.

Market Closing Prices

Jul 25 Soybeans closed at $10.51 3/4, up 3 1/4 cents.

Nearby Cash was $10.05, up 3 1/4 cents.

Aug 25 Soybeans closed at $10.48 1/2, up 3 1/4 cents.

Nov 25 Soybeans closed at $10.37 1/4, down 1/4 cent.

New Crop Cash was $9.75, down 1/4 cent.

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 are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

The views expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.