Soybeans price action is showing a positive trend on Wednesday morning, with futures up by 7 to 10 cents. The previous day saw contracts closing 5 to 6 cents higher in the nearby market. Open interest indicated net new buying, with an increase of 5,541 contracts. The national average Cash Bean price also witnessed a rise of 6 1/4 cents, reaching $9.99 1/2. Meanwhile, Soymeal futures experienced a slight decline of 30 cents to 60 cents higher, and Soy Oil futures were up by 41 to 53 points.
In terms of international trade, Brazil’s soybean exports in January are estimated at 3.23 MMT, as reported by ANEC. This figure is slightly lower than the previous week’s estimate by 0.56 MMT but still represents a significant increase from the 1.07 MMT shipped in January 2025. On the other hand, EU soybean imports from July 1 to January 23 totaled 7.06 MMT, marking a decrease from the 8.15 MMT recorded during the same period last year.
Looking at specific futures contracts, Mar 26 Soybeans closed at $10.67 1/4, up 5 1/2 cents, and is currently up by 10 cents. Nearby Cash was priced at $9.99 1/2, up by 6 1/4 cents. Similarly, May 26 Soybeans closed at $10.79 1/2, up 5 1/2 cents, and is currently up by 9 3/4 cents, while Jul 26 Soybeans closed at $10.92 1/2, up 5 cents, and is currently up by 9 cents.
It is important to note that the information and data provided in this article are for informational purposes only. The author, Austin Schroeder, does not hold any positions in the securities mentioned. For more details on soybean market trends, the original article can be found on Barchart.com.
