Soybeans Post Double Digit Rally on Wednesday

Soybeans were in rally mode on Wednesday, with contracts closing 10 to 11 cents in the front months. The cmdtyView national average Cash Bean price was 11 1/2 cents higher at $9.94 3/4. Soymeal futures were $3.70 to $6.80 higher, with Soy Oil futures 8 to 18 points lower on the day. There were 88 deliveries issued against January soybeans overnight, with 78 issued for bean oil. USDA is officially back to a normal Export Sales release schedule, as analysts are expecting to see between 0.75-1.3 MMT of 2025 ...