Soybean prices showed gains on Wednesday, with the cmdtyView national average cash bean price rising by 6.5 cents to $10.81. Soymeal futures are trading between $7.60 and $8.10, while soy oil futures saw a decline of 7 to 12 points. The drier forecast for Argentina as they complete their growing season may contribute to soymeal strength.
The USDA’s Export Sales report for the week of February 19 is expected to be released on Thursday, with anticipated soybean sales ranging from 0.4 to 1 million metric tons (MMT). Soybean meal sales are estimated at 250,000 to 500,000 MT, while soybean oil may see net reductions between 10,000 and 16,000 MT.
With three days remaining for price discovery for spring crop insurance, November soybeans have averaged $11.05 this month, marking an increase of 51 cents compared to 2025.
