Soybeans are trading 15 to 18 cents higher as of Wednesday midday, following a decline of 5 to 6 cents on Tuesday. The cmdtyView national average cash bean price has risen by 18 cents to $9.71. Preliminary open interest on Tuesday increased by 5,374 contracts, indicating potential new selling interest. Soy oil has seen gains for five consecutive days, fueled by tight stock confirmations in the NOPA report (1.366 billion lbs).
Additionally, the USDA reported a sale of 120,000 metric tons of U.S. soybeans to unknown destinations for the 2025/26 marketing year. In Brazil, July exports are estimated at 12.19 MMT, a rise from last week’s estimate and compared to 11.25 MMT last year. Chinese importers project July soybean arrivals at around 10.5 MMT, up from 9.85 MMT a year ago.
