Soybean futures are showing slight morning gains of 2 to 3 cents on Friday, following Thursday losses of 1.25 to 6.75 cents. The cmdtyView national average cash bean price fell by 6.5 cents to $11.30. Open interest increased by 5,949 contracts on Thursday, as futures for soymeal decreased by $2.30 to $2.80, and soy oil futures were lower by 19 to 79 points. The Chicago Board of Trade (CBoT) will be closed on Monday for Memorial Day, reopening for regular sessions on Tuesday.
The USDA reported 351,423 metric tons of 2025/26 soybean sales for the week, marking a four-week high and an increase of 14.12% from the same week last year. Notably, unknown destinations purchased 171,900 metric tons, while Egypt bought 59,800 metric tons. New crop sales reached a marketing year high of 172,729 metric tons, with total new crop sales currently standing at 509,642 metric tons, half of last year’s figure at this time.
Additionally, soybean meal sales were 492,229 metric tons, aligning with expectations, while bean oil sales recorded a minimal total of 1,042 metric tons. The EPA reported D4 RIN generations at 690 million for April, an increase from 651.4 million in March. In international updates, Argentina’s soybean production estimate was raised by 1.5 million metric tons to 50.1 million metric tons, according to the Buenos Aires Grains Exchange.
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