Midday Soybean Market Overview: Firm Trade with Key Developments

The soybean market is experiencing a firm trade, seeing increases of up to 4 cents as of Wednesday’s midday. The cash bean price remains steady at $9.89 3/4. Soymeal futures have fluctuated, currently down by $2.60 per ton, while soy oil futures have dropped an additional 3 to 39 points. Overnight, there were 2 deliveries for May soybeans, with no deliveries issued for meal and oil.

US-China Talks Planned

On Tuesday, officials from China and the United States agreed to hold a meeting in Geneva, Switzerland, scheduled for Saturday. Treasury Secretary Bessent and USTR Greer will meet with Chinese Vice Premier He Lifeng. The discussions are anticipated to focus on reducing export controls and addressing broader tariffs.

Upcoming WASDE Release

Ahead of the upcoming Monday WASDE report, analysts surveyed by Reuters expect the World Agricultural Outlook Board to revise the U.S. soybean yield to 52.5 bushels per acre (bpa). Production estimates are anticipated to reach 4.338 billion bushels.

Brazil’s Soybean Area Growth

According to estimates from AgroConsult, Brazil’s soybean area is projected to increase by approximately 500,000 hectares (1.24 million acres) in the 2025/26 season.

Current Soybean Prices

May 25 Soybeans are priced at $10.35 1/4, reflecting a rise of 1/2 cent.

Nearby Cash stands at $9.89 3/4, unchanged.

Jul 25 Soybeans are trading at $10.41, down 1/4 cent.

Nov 25 Soybeans are at $10.23, up 3 3/4 cents.

New Crop Cash prices are at $9.60 1/4, showing an increase of 3 3/4 cents.

On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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