Soybeans experienced a slight increase on Wednesday, rising 1 to 2 cents. The cmdtyView Cash Bean price is currently at $10.27 1/2, up 1 3/4 cents, while soymeal futures gained 20 cents per ton. Soy Oil modestly increased at midday.
Markets will be closed on Thursday for Juneteenth, resulting in delayed government reports. Friday’s Export Sales report is anticipated to show soybean sales ranging from 0 to 400,000 MT for the old crop, with an additional 0 to 200,000 MT projected for 2025/26.
Key soybean prices include Jul 25 at $10.75 3/4 (up 1 3/4 cents), Nearby Cash at $10.27 1/2 (up 1 3/4 cents), and Aug 25 at $10.77 1/4 (up 1 cent).
