On Wednesday, soybeans recorded gains of 6 to 9 cents, with the cmdtyView national average Cash Bean price rising by 8 1/4 cents to $10.79 1/4. Soymeal futures decreased by $3.00 to $4.00, while Soy Oil futures increased by 120 to 130 points. Notably, May 26 Soybeans reached $11.63 1/4, and Nearby Cash saw an increase to $10.89 1/4, both up 8 1/4 cents.
The EPA is expected to announce the Renewable Volume Obligation (RVO) number later this week, prior to President Trump’s meeting with producers on Friday. Additionally, Export Sales data will be released on Thursday, with estimates projected between 250,000 to 500,000 metric tons.
