Soybean contracts closed on Friday with losses ranging from 5 to 14.5 cents, while May delivery decreased by 2 cents this week. The cmdtyView national average Cash Bean price fell 14.25 cents to $10.86. Soymeal futures also posted declines of $2.20 to $6.80, with May dropping $12.70, and Soy Oil futures decreased by 6 to 61 points, although May gained 190 points over the week.
The EPA announced finalized Renewable Volume Obligations (RVOs) for 2026, setting bio-mass based diesel at 8.86 billion RINS, exceeding previous proposals of 7.12 billion. The small refinery exemption increased the numbers to 9.07 billion RINS for 2026 and 9.2 billion for 2027. Additionally, USDA reported a private export sale of 105,000 metric tons of soybeans, with total export commitments now at 37.256 million metric tons, down 18% from last year and only 87% of the USDA’s projection.
Looking ahead, the NASS March Intentions data will be released on Tuesday, with expectations for 85.55 million acres of soybeans to be planted this spring, an increase of 4.33 million acres. March 1 soybean stocks are estimated to be 2.067 billion bushels, up 158 million bushels from a year ago if realized.
