Soybean Markets See Modest Gains Amid Record Crushed Output

Prices Edge Up Despite Rainy Forecast for Brazil

Soybean prices pulled back from their highs early on Tuesday but still ended with fractional gains, ranging up to 6 ½ cents. CmdtyView reported a national front month cash bean price increase of 6 ¾ cents, landing at $9.43 ¾. Soymeal futures stayed steady, with an increase of up to $2.60 per ton. Meanwhile, soy oil futures rose by 36 to 72 points during the trading session.

Brazil is set to experience significant rainfall across much of the country in the coming week. However, the forecast for December 11 through 19 predicts less widespread rainfall totals.

The latest Fats & Oils report revealed that 215.76 million bushels of soybeans were crushed for bean oil in October. This marks an all-time record, exceeding the trade’s estimate of 210.9 million bushels. The October crush was also 15.7% higher than the previous September and 7.15% greater than last year. Additionally, soybean oil stocks stood at 1.485 billion pounds, reflecting a 1.1% decrease compared to both last year and the previous month.

January 2025 Soybeans closed at $9.91 ¾, an increase of 6 ½ cents.

Nearby Cash recorded at $9.43 ¾, up 6 ¾ cents.

March 2025 Soybeans finished at $9.97 ¼, up 6 ¼ cents.

July 2025 Soybeans closed at $10.20 ¾, up 4 ¼ cents.

On the date of publication, Austin Schroeder did not hold positions in any of the securities mentioned in this article. All information provided here is for informational purposes only. For more details, please consult the Barchart Disclosure Policy here.
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