Soybean futures are experiencing losses of 20 to 27 cents early on Thursday morning, following a modest gain of up to 3 cents per contract on Wednesday. The average cash bean price has risen by 3.25 cents to $11.64, while soymeal futures increased by $4.40 to $10.10. In contrast, soy oil futures fell by up to 27 points. Notable deliveries included 80 for May meal futures and 41 for May beans as they expire today.
On Thursday, President Trump and China’s President Xi concluded a meeting in Beijing with few specifics shared, although Secretary Bessent remarked that “soybeans are all taken care of.” In related market news, analysts are anticipating weekly Export Sales data, estimating 2025/26 sales between 100,000 and 500,000 metric tons, and a crush of 214.03 million bushels of soybeans in April according to upcoming NOPA data. Additionally, the Rosario Grains Exchange has raised its Argentina corn crop estimate to 50 million metric tons.
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