Soybeans See Gains on Tuesday

Price Movements - Soybeans posted gains of 4 to 5 ½ cents in most front months on Tuesday, with the national average Cash Bean price up 5 1/2 cents at $10.75 3/4 [1] - Soymeal futures increased by 20 cents to $2 in the front months, while Soy Oil futures rose by 42 to 64 points [1] Crop Insurance and Price Discovery - With just 3 days left for price discovery for the spring base price for Crop Insurance, November soybeans have averaged $11.05 this month, which is an increase of 51 cents from 2025 [1] Export Estimates - ANEC estimates Brazilian soybean exports at 10.69 million metric tons (MMT) for February, down 0.77 MMT from the previous week [2] - EU import data from the European Commission indicates that soybean imports from July 1 to February 22 totaled 8.11 MMT, down 1.02 MMT from the same period last year [2] Closing Prices - On March 26, soybeans closed at $11.39 1/2, up 5 1/4 cents, with nearby cash at $10.75 3/4, up 5 1/2 cents [2] - May 26 soybeans closed at $11.55 1/4, up 5 1/2 cents, and July 26 soybeans closed at $11.68 1/4, up 4 3/4 cents [2]