Soybeans are trading with 1 to 3 cent gains as the market enters Wednesday trade. Futures posted gains of 4 to 5 ½ cents in most front months on Tuesday. Open interest was down 2,337 contracts on Tuesday, with March dropping 26,192 contracts ahead of FND on Friday. The cmdtyView national average Cash Bean price was up 5 1/2 cents at $10.75 3/4. Soymeal futures were up 20 cents to $2 in the front months, with. Soy Oil futures up 42 to 64 points.
With just 3 days left for price discovery for the spring base price for Crop Insurance, November soybeans have averaged $11.05 this month. That would be up 51 cents from 2025.
ANEC estimates the Brazilian soybean exports at 10.69 MMT for February, down 0.77 MMT from the previous week.
EU import data from the European Commission estimates the country’s soybean import total from July 1 to Feb 22 at 8.11 MMT, down 1.02 MT from the same period last year.
Mar 26 Soybeans closed at $11.39 1/2, up 5 1/4 cents, currently up 2 3/4 cents
Nearby Cash was $10.75 3/4, up 5 1/2 cents,
May 26 Soybeans closed at $11.55 1/4, up 5 1/2 cents, currently up 2 3/4 cents
Jul 26 Soybeans closed at $11.68 1/4, up 4 3/4 cents, currently up 2 1/4 cents
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
