Soybean Market Sees Slight Gains Amid Trade Optimism

The soybean market maintained its upward trajectory on Wednesday, with contracts closing between 1 and 6 cents higher. CmdtyView reported a national front month Cash Bean price increase of 5 1/4 cents, settling at $9.90 1/2. However, soymeal futures displayed mixed results as front months decreased by 20 cents to $1.10 per ton, while Soy Oil futures gained 5 to 33 points during the session.

Support for the market stemmed from speculation about easing trade tensions with China, although no official announcements have been made yet.

Looking ahead, Thursday morning’s Export Sales report is anticipated to show soybean sales ranging from 200,000 to 600,000 metric tons (MT) for old crops for the week ending April 17. Sales projections for the 2025/26 crop year are estimated to be between 0 to 200,000 MT, based on a Reuters survey of analysts. Meanwhile, soymeal sales are predicted to reach 150,000 to 400,000 MT, with soybean oil sales projected at 5,000 to 35,000 MT.

In export news, Brazil’s shipments for April are expected to total 14.3 million metric tons (MMT), marking a slight decline of 0.2 MMT from previous estimates by ANEC.

Current Soybean Prices

May 25 Soybeans closed at $10.40 1/4, up 5 1/4 cents.

Nearby Cash was $9.90 1/2, reflecting a gain of 5 1/4 cents.

Jul 25 Soybeans finished at $10.50 1/4, an increase of 4 1/4 cents.

Nov 25 Soybeans closed at $10.27 1/2, up 1 cent.

New Crop Cash reached $9.65 1/2, a modest rise of 3/4 cent.

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 serves solely for informational purposes. For more details, please view the Barchart Disclosure Policy
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