Soybeans Rally with the Help of Meal

Group 1: Soybean Market Overview - Soybeans were supported by strength in soybean meal, with contracts increasing by 8 to 10 cents [1] - The national average Cash Bean price rose by 10 cents to $10.85 1/2 [1] - Soymeal futures are priced between $4.40 to $7.60 for the front months, while Soy Oil futures increased by 7 to 23 points in the nearby contracts [1] Group 2: Weather and Crop Conditions - The forecast for Argentina indicates drier conditions as they approach the end of their growing season, likely contributing to meal strength [1] Group 3: Price Discovery and Export Sales - November soybeans have averaged $11.07 this month, reflecting an increase of 53 cents from 2025 [3] - The USDA's Export Sales report for the week of February 19 is anticipated, with expected soybean sales between 0.4 to 1 million metric tons [3] - Soybean meal sales are projected at 250,000 to 500,000 metric tons, while soybean oil is expected to see net reductions of 10,000 to 16,000 metric tons [3] Group 4: Recent Closing Prices - On March 26, soybeans closed at $11.48 1/4, up 8 3/4 cents, with nearby cash at $10.85 1/2, up 10 cents [4] - May 26 soybeans closed at $11.65, up 9 3/4 cents, and July 26 soybeans closed at $11.77 1/2, up 9 1/4 cents [4]