Soybeans Drifting Lower at Midday

Soybeans are falling back from early Wednesday gains, as contracts are down 3 to 4 so far. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures are down $2 to 3.10 in the front months, with Soy Oil futures 114 points higher. Strength in the bean oil side is from a report that the EPA is expected to send the 2026 biofuel blending quotas to the White House for review this week. Ahead of the USDA Ag Outlook Forum on Thursday, the trade is estimating the office of the ...