Soybean futures saw gains of 3 to 9 ½ cents on Wednesday, with front months leading the increase. As of Thursday morning, soybeans rose an additional 5 to 6 ½ cents. Open interest indicated new buying with an increase of 11,141 contracts. The cmdtyView national average cash bean price stood at $10.85 ¼, up 15 ¼ cents.
For the week of June 25, analysts anticipate USDA’s weekly Export Sales report to reveal soybean sales between 300,000 and 650,000 MT for the 2025/26 crop year. New crop sales are projected in the range of 350,000 to 900,000 MT. In the fats and oils data from NASS, 213.1 million bushels of soybeans were crushed in May, which is below the 214.9 million bushels expected but 4.62% higher than last year.
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