Soybeans are experiencing midday gains between 24 to 27 cents on Friday, with the cmdtyView Cash Bean price rising 25 1/2 cents to $10.20 1/4. This upward trend follows the bean oil market, which is boosted by the EPA’s recent announcement regarding a proposed 5.61 billion-gallon limit for biomass-based diesel starting in 2026 and a stronger crude oil market, now up $3.98 per barrel following strikes in Iran.
As of the latest export sales data, U.S. soybean export commitments stand at 48.713 million metric tons (MMT), representing 97% of the current USDA forecast. Shipments for the marketing year reach 45.119 MMT, accounting for 90% of the full-year projection.
Key soybean prices include: July 25 at $10.68 3/4 (up 26 1/2 cents), Nearby Cash at $10.20 1/4 (up 25 1/2 cents), August 25 at $10.66 3/4 (up 25 3/4 cents), and November 25 at $10.51 1/2 (up 24 1/4 cents).
