
Soybeans are trading with contracts steady to 2 cents higher. They closed the Wednesday session with contracts down 9 to 12 cents in the nearbys and November just 3 cents lower. Preliminary open interest was down 4,827 contracts, with a bulk in the March. CmdtyView’s national front month Cash Bean price was down 11 3/4 cents at $9.94 ¼. Soymeal futures were $3.90 to 4.80/ton higher on the session. Soy Oil was back down 85 to 135 points on the session.
Weekly Export Sales data is pushed back to Friday due to the Monday holiday.
S&P Global estimates the 2025 corn acreage to total 83.3 million acres, a 700,000 acre decrease from the previous estimate in December.
Mar 25 Soybeans closed at $10.56, down 11 1/4 cents, currently unch
Nearby Cash was $9.95 1/4, down 11 3/4 cents,
May 25 Soybeans closed at $10.68 1/4, down 9 1/2 cents, currently up 1 1/4 cents
Nov 25 Soybeans closed at $10.46 3/4, down 3 cents, currently up 1 3/4 cents
New Crop Cash was $9.82 1/2, down 3 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. For more information please view the Barchart Disclosure Policy here.